Traditional financial institutions and fintech startups are increasingly exploring digital asset strategies, a trend potentially accelerated by the Stablecoin Act currently under consideration in the Senate Banking Committee.
The legislation may lead to more firms developing stablecoins – cryptocurrencies designed to mirror the value of the U.S. dollar or other real-world assets. Revolut Ltd. and Robinhood Markets Inc. are among the companies that have already expressed interest in this area.
