Stablecoin could become mainstream digital money — or a risky, leveraged speculation
Published:
In July, Congress passed the Guiding and Establishing National Innovation for U.S. Stablecoins Act, better known as the GENIUS Act, which has introduced a regulatory framework for U.S. dollar (USD) DXY payment stablecoins. Some analysts predict a multi-trillion-dollar stablecoin market by 2030, up from roughly $300 billion worth of USD stablecoins in circulation today.
But stablecoin’s future might hinge on whether it becomes mainstream digital money for low-cost payments or a tool for a growing universe of risky leveraged finance.