The next big thing as we move toward a cashless economy is digital currency, but Bitcoin and other floating cryptocurrencies fluctuate too much in value to facilitate exchange. That’s where stablecoins come in.
A stablecoin is a digital dollar you can send anywhere, instantly, 24/7, without a bank. The coin is pegged at exactly $1, and the value proposition is that it combines the speed of crypto with the stability of cash. It’s the future, and it’s coming faster than you think.
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The market already exceeds $310 billion in circulation and processes about $33 trillion in transactions yearly, which is almost as much transaction volume as Visa. Issuers hold over $155 billion in U.S. Treasuries, making them one of the largest buyers of America’s government debt.
CLOSE THE CRYPTO LOOPHOLE: MAKE PLATFORMS PLAY BY THE RULES
Last year, Congress passed the GENIUS Act by big margins in the House and Senate, the first
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