A decade-long evolution shows stablecoins expanding from Tether to diversified assets, shaped by regulatory measures like MiCA, Hong Kong oversight, and the approval of the Genius Act.
The article reviews a decade-long evolution in stablecoins, tracing a shift from early models like Tether to newer versions including USDC and PYUSD. It covers regulatory developments, such as MiCA and Hong Kong oversight, alongside the rise of U.S. debt stablecoins and the enactment of the Genius Act, highlighting their growing role in crypto finance.