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GENIUS Becomes Law: What It Took to Pass the First Rules for Stablecoins in the U.S.

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The Evolution and Regulation of Stablecoins

This chapter examines the challenges and developments in the U.S. stablecoin market, focusing on the frictionless transaction goal and liquidity concerns among new entrants compared to giants like Tether and USDC. It also highlights a key bipartisan house vote that advanced legislation, demonstrating a significant political shift in support for stablecoins.

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