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Stablecoin Evolution: Milestones of the New Payment Rail
Stablecoins are going mainstream. With the signing of the GENIUS Act, the U.S. now has a regulatory stablecoin framework—capping off a decade-long shift in how money moves. From early experiments to institutional adoption, the last piece of our Digital Dollar Series with Plasma highlights key milestones in the evolution of stablecoins. Five years after the introduction of cryptocurrency with Bitcoin, a less volatile digital dollar was created. The value of stablecoins is pegged to another asset, with the vast majority tied to the U.S. dollar. This stability makes them a suitable payment rail, which is the ... (full story)
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