According to the source, BlackRock endorsed stablecoins as a tool for payments innovation and faster settlement in recommendations tied to the GENIUS Act.
BlackRock said stablecoins could support payments innovation and real-time settlement in recommendations related to the GENIUS Act. The source does not provide further detail on the specific recommendations, timing, or policy language, but the statement places one of the world’s largest asset managers in support of stablecoin use cases tied to payment efficiency. In crypto markets, stablecoins are widely used as blockchain-based digital tokens designed to maintain a fixed value, often to the U.S. dollar, and are commonly discussed in policy debates around faster transaction processing and settlement infrastructure.