Stablecoins Hit Record $230B, Will the US Bill Boost or Break the Momentum?
Stablecoins hit a record market capitalization of $230 billion recently.
US House Committee has advanced a bill to regulate stablecoins with bipartisan support.
Trump’s re-election in 2024 triggered a bull run in the crypto market by the end of the year. Even though the market couldn’t sustain the rally in 2025, the new US administration has been taking several initiatives for crypto regulation and adoption.
US leaders have expressed their interest in stablecoin regulation multiple times and are finally advancing its bill.
The crypto market is still trading with an overall market cap in the $2.7 trillion range. While Bitcoin continues to trade at a $84K price level, Ether is stuck below $2,000 today. The crypto fear and greed index records 27, which implies fear market sentiment.
However, the stablecoin market hit a record market capitalization of over $230 billion.
US House Committee Advances Bill to Regulate Stablecoins
As per a recent Bloomberg report, the US Financial Services Committee is planning to consider the stablecoin regulation bill on April 2. This has been the priority of President Trump since his election. He highlighted the same in his recent speech on Thursday.
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