Stablecoin Market Sees Explosive Growth After GENIUS Act Passage
The USDC stablecoin issuer Circle surged nearly 20% after the GENIUS Act passed the Senate, with shares trading at around $180, up almost sixfold from its IPO price. Coinbase, which co-founded USDC and earns 50% of its revenue, rose almost 10%. The GENIUS Act could spark growth in the $260 billion stablecoin market by establishing … Read more