✨The president also joked that lawmakers had named the GENIUS Act after him. The acronym stands for “Guiding and Establishing National Innovation for U.S. Stablecoins.”
The use of stablecoins has grown dramatically in recent years. Circle, the U.S.-based issuer of one of the most popular cryptocurrencies, made its debut on the New York Stock Exchange earlier this year and quickly saw its value soar amid heavy interest from crypto
