#StablecoinSurge The approval of the Stablecoin Genius Act by the Senate Banking Committee seeks to establish a clear regulatory framework for payment stablecoins, introduced by Senators Tim Scott, Bill Hagerty, Cynthia Lummis, and Kirsten Gillibrand, in order to enhance transaction efficiency and boost demand for U.S. Treasury bonds.

RLUSD from Ripple is a stablecoin pegged to the U.S. dollar, part of Ripple Labs' strategy to position XRP Ledger as a leader in the tokenization of real-world assets, with a potential impact on the $16 trillion tokenization market.