Stablecoins are entering the mainstream, two Deutsche Bank analysts wrote in a report provided to PYMNTS. Despite the U.S. Senate blocking the GENIUS Act last week, progress toward landmark legislation is still expected this year, Deutsche Bank Managing Director — Macro Strategist, Thematic Research Marion Laboure and Analyst, Macro and Thematic Research Camilla Siazon wrote in the report. In the meantime, the market cap of stablecoins leapt from $20 billion in 2020 to $246 billion, the transfer volume of stablecoins reached $28 trillion in 2024, and 83% of stablecoins are pegged to the U.S. dollar, according to the ... (full story)