A new bill aimed at regulating stablecoins, a type of cryptocurrency pegged to another asset, is set to be voted on in the Senate. If passed, the legislation could turbocharge the industry and drive wider adoption of dollar-linked stablecoins. Analysts predict this could strengthen the US dollar and increase cryptocurrencies’ role in the broader financial system. The estimated market cap for stablecoins could reach $2.5 trillion by 2030, up from the current $248 billion.
Source: https://www.marketwatch.com/story/new-crypto-bill-could-turbocharge-the-stablecoin-industry-4-changes-it-might-bring-8179de87