Stablecoins aren’t going anywhere, at least not any time soon.
In that way, stablecoins are already in a league apart from other crypto experiments like NFTs and criminally deficient exchange platforms. And add to that the fact that they now have a proper legal framework in the U.S. under which to operate thanks to this summer’s GENIUS Act.
The stablecoin market has grown 42% this year and now exceeds $300 billion in value. Underscoring its day-by-day growth, on Thursday (Oct. 9), Citi Ventures invested in stablecoin infrastructure platform BVNK; while a day earlier on Wednesday (Oct 8), the Bank of North Dakota, a state-owned bank, partnered with Fiserv to launch a stablecoin.
Adding another exclamation point to the
