The U.S. Congress has enacted significant legislation for digital assets, prompting major banks to evaluate their roles in stablecoin issuance amid a $260 billion market.
The U.S. Congress has passed three pivotal bills establishing a federal regulatory framework for digital assets, focusing on stablecoin reserves and redemption. This legislative move has prompted major banks like Citigroup and JPMorgan to assess their participation in stablecoin issuance. The stablecoin market has reached a market capitalization of $260.728 billion, with USDT holding a dominant market share of 61.99%.