Why you might one day use stablecoins in place of credit cards or bank accounts
If you’re buying a new laptop or pair of shoes today, you may encounter a host of payment options: a credit or debit card, PayPal, Apple Pay, or buy now, pay later plans.
Soon, you could see another option at checkout: stablecoins.
President Trump recently signed the Guiding and Establishing National Innovation for US Stablecoins Act, or GENIUS Act, establishing federal regulations for stablecoins. Many observers believe that by establishing clear rules, lawmakers have paved the way for cryptocurrency to go mainstream as a means of payment.
Even if you’ve never dabbled in crypto, the new law could change the way you shop, send money, get paid, and bank.
Stablecoin is a form of crypto, meaning it’s digital money that…
