June marked a pivotal month for stablecoins—while overall crypto valuations remained modest, the sector saw major regulatory and corporate breakthroughs.

-The GENIUS Act passed the U.S. Senate and is headed to the House. It introduces a legal framework for payment stablecoins, bans interest payments, and restricts issuance to regulated financial entities

-Circle went public under the ticker CRCL, with shares rising from $31 to $181 by month-end. The stock surge coincided with a decline in Visa and Mastercard shares

-Estimates suggest stablecoins are already used for $800bn in monthly digital payments, approaching Visa’s volumes

-Traditional companies like Amazon, Walmart, JPMorgan, and Shopify announced work on stablecoin-related infrastructure

-The ban on interest-bearing stablecoins could hurt players like Circle, but overall regulatory clarity is expected to drive long-term adoption and innovation in digital payments.