The stablecoin market experienced a significant boost, with its market cap increasing by 50% last year following the enactment of the GENIUS Act. This legislative change has also led to a sharp rise in settlement volumes. According to Richard Teng, Co-CEO of Binance, corporate treasuries worldwide are increasingly shifting from traditional financial systems to stablecoins and cryptocurrencies, indicating a growing trend towards digital assets in corporate finance.
Stablecoin Market Cap Surges 50% Following GENIUS Act
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