Stablecoins are the shiny new object on Wall Street. Once restricted to the niche world of crypto trading, stablecoins entered the mainstream of U.S. finance as Congress debated—and ultimately passed in July—a bill to legitimize them and expand their use. That has spurred a hype cycle as banks and Fortune 500 companies rush to explore the technology. Stablecoins, which are …
Read More »Stablecoin issuers like Circle and Tether are gobbling up more Treasuries than most countries. Here’s how that could reshape the U.S. economy
