cryptocurrency, House and stablecoin
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The House voted 308 to 122 in favour of the so-called Genius Act to regulate stablecoins, tokens pegged to assets such as the US dollar, which will pave the way for banks to launch their own digital assets. The bill will now go to President Donald Trump’s desk to be signed into law.
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Cryptocurrency has gained a hold in Americans’ investment portfolios and their retirement accounts — and now it’s a step closer to their wallets for everyday use.
Stablecoins are reshaping how we save, spend, and move money at a time when the U.S. dollar itself faces unprecedented challenges. In 2025, the dollar's share of global reserves hit a 30-year low of 57.
La Cámara de Representantes estadounidense aprobó el jueves tres proyectos de ley destinados a impulsar la legitimidad
Banks are gearing up to take on payments competition from stablecoins, which could increase after Congress passed the Genius Act.
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Backers of the Genius Act, a potentially landmark bill that could help "stablecoins" go mainstream, say it would greatly speed electronic payments.
Ideas for how to squeeze the country’s interest bill, ideally without cutting spending or raising taxes, are thus at a premium. One has recently raised the hopes of Mr Bessent. Could stablecoins—cryptocurrency tokens backed by safe assets such as short-term Treasury bonds—drive up demand for American debt, and pull down borrowing costs?
After the US Congress passed an initial bill regulating the cryptocurrency industry, Donald Trump is expected to sign it into law on Friday.
Born out of necessity, stablecoins were the first widely adopted tokenized assets. At a time when blockchains lacked a digital equivalent of fiat money, private players stepped in
Stablecoins are designed to follow the price of another asset. Discover how they manage that, the pros and cons of stablecoins, and if you should buy them.
With Amazon and Walmart looking to launch their own stablecoins, it seems likely these digital currencies are here to stay.
DeFi was created to bypass reliance on intermediaries, but now it depends on centrally issued stablecoins, raising questions about control and resilience.