Stablecoins reach their highest market value in history

This development marks the most significant legislative moment for stablecoins to date, amid calls to complete the full legal framework for digital currencies in the United States, especially in light of the global race to regulate this sector and provide a reliable and secure environment for its adoption...

Stablecoins recorded a historic leap in their market value, reaching $251.7 billion, following the U.S. Congress passing a new law regulating their issuance and operation, which is considered a pivotal turning point in the path of legalizing digital currencies and linking them to the traditional financial system.

Investors rushed to adjust their strategies, which pushed cryptocurrency company stocks upward. The stock of "CoinDesk" rose by about 16%, while Circle's stock, the issuer of USDC, jumped by more than 34%, amid optimism that the regulatory framework will contribute to accelerating the adoption of stablecoins in digital payments.

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