$USDC The House must still pass its own version—the STABLE Act—which differs significantly. If the two chambers can reconcile the differences, this would mark a major step forward in regulating stablecoins, offering long-awaited clarity to the sector.

The bill’s momentum is already influencing markets. Circle’s IPO, a major stablecoin issuer, surged to $150 after debuting at $31, and companies like Amazon, Walmart, DTCC, and potentially Apple, Google, Airbnb, and X are exploring issuing or adopting stablecoins.