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The emergence of stablecoins represents a successful use case for crypto, providing a bridge between traditional finance and digital assets.

The US dollar serves as the world's primary reserve currency, used in major international trade and held by central banks globally. This status gives America significant power.

The emergence of stablecoins could enable global scalability in fintech, overcoming traditional regulatory barriers and creating new opportunities for innovation.

Coinbase's partnership with Circle allows users to earn 4% on stablecoin balances, offering immediate transactions without the need for traditional banking processes. This innovation highlights the potential for stablecoins to revolutionize financial transactions.

The Genius Act faced massive lobbying by banks to prevent crypto companies from paying interest on stablecoins, leading to a workaround where rewards are offered instead. This highlights ongoing regulatory challenges in the crypto space.

Stablecoins have succeeded as a use case for crypto, providing a bridge between the old and new financial systems.

The total stablecoin supply has skyrocketed to over $300 billion, up from essentially zero in 2021. This represents a massive shift in financial policy, with stablecoins now settling over $18 trillion and attracting nearly 30 million monthly senders.