Regulated U.S.-dollar stablecoins could become as ordinary as money-market funds Circle Internet Group developed the popular USDC stablecoin. By mandating that stablecoin issuers hold much of their reserves in U.S. Treasury bills, Congress has effectively created a new contingent buyer for U.S. government debt. If bitcoin (BTCUSD) is "digital gold," stablecoins are "digital cash." Stablecoins - designed to maintain a steady $1 value - have become the backbone of moving funds around the crypto ecosystem (providing a stable currency for trading and payments). Until recently, there were no clear, uniform rules for ... (full story)