Stablecoins are cryptocurrencies whose value is tied to another asset, such as the U.S. dollar or gold. They play a major role in cryptocurrency markets, providing among other things a payment infrastructure, and are also used to transfer money internationally.Stablecoins to Become Cash Layer of Internet Once GENIUS Act Is Law,The act, whose full name is Guiding and Establishing National Innovation for U.S. Stablecoins Act, is designed to bring stablecoin innovation back to the country, the report noted, adding that it gives a head start to U.S. regulated issuers.If e-commerce and tech platforms want to adopt these cryptos they will likely have to work with regulated U.S. issuers rather than issuing their own stablecoins. Is Crytocurrency slowly becomng a global medium of exchange ?
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