#StablecoinLaw
Big picture view:
Stablecoins are a fast-growing corner of the cryptocurrency industry that have produced enormous profits for some of the major players involved.
They offer a buffer from cryptocurrency’s notorious volatility because they are pegged to real-world assets, like U.S. dollars or gold. Typically, that means a single stablecoin is worth $1, making them a much more reliable digital asset for commercial transactions than other forms of crypto.
What is the GENIUS act ?