Stablecoins, pegged to the US dollar and backed by Treasurys, are revolutionizing finance despite original crypto intentions. President Trump champions their adoption, viewing them as a path to making America the ‘Crypto Capital.’ These digital assets, now worth $300 billion, offer a stable haven within the volatile crypto market, significantly impacting the Treasury market.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets