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MARKETS DAILY: Crypto Update | Circle Gets First Stablecoin License Under MiCA, Head of Global Policy Weighs in on What's Next

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CHAPTER

Importance of Stablecoins in Cross-Border Payments and Stablecoin Legislation Progress

The chapter emphasizes stablecoins as vital for facilitating cross-border payments and calls for sensible US legislation for digital assets. It discusses the progress in the US on stablecoin legislation, challenges in achieving bipartisan support, and the significance of closing the competitiveness gap through a national framework.

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