Reported about 14 hours ago
The recent passage of the GENIUS Act by the Senate has ignited a surge in stablecoin-related stocks, particularly Circle and Coinbase, prompting extensive interest from various companies. While analysts express both enthusiasm and caution regarding the future role of stablecoins in the financial system, some suggest their primary utility may be in cross-border remittances rather than consumer products. The pullback in traditional payment giants like Visa and PayPal has left investors pondering the implications of this emerging trend.
Source: YAHOO