Stablecoin payments surge 70% after US regulation, companies lead growth
The Genius Act, passed by the United States on July 18, requires stablecoin issuers to fully back their tokens with highly liquid assets, including Treasury bills. This ensures that each token maintains a 1:1 peg to the dollar. Following the legislation, blockchain analytics firm Artemis reported that monthly stablecoin payments reached $10 billion in August…