Reported 1 day ago
Shares of stablecoin issuer Circle and cryptocurrency exchange Coinbase saw significant gains after the U.S. Senate passed a critical stablecoin bill with bipartisan support, paving the way for more comprehensive regulation in the crypto space. This legislation aims to provide clearer guidelines for issuing and managing stablecoins, potentially increasing their legitimacy and driving growth in the $256 billion stablecoin market. Circle, which recently went public, reported a major spike in its share price alongside rising revenues from its USDC stablecoin.
Source: YAHOO