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

Circle and Tether are issuing $15 billion of stablecoins per month and have become the largest buyers of U.S. treasuries, significantly increasing their capital pool.

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

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.

The ability to send a billion dollars from the U.S. to Beijing in 10 minutes for just $3 via Bitcoin illustrates the challenges of regulating cryptocurrency.