With the Genius Act approved in the USA, Stablecoins are gaining and will increasingly gain prominence in the crypto market.
This primarily means 2 things:
- That the United States will be able to continue "pushing" the hegemony of the dollar over the planet using stablecoins, a factor that, even with a weaker dollar, strengthens the country;
- BILLIONS of dollars entering the crypto ecosystem, which helps educate people more and more about the subject, and also liquidity that tends to go to Bitcoin in the long term, driving the price up.