Senate Advances Stablecoin Bill Expected to Unlock Trillions for U.S. Treasury

The GENIUS Act, a bipartisan bill regulating stablecoins, has recently cleared a crucial Senate vote and is expected to pass, potentially unlocking trillions of dollars in demand for U.S. Treasuries. Stablecoins, currently circulating over $200 billion and facilitating $28 trillion in transactions last year, offer a stable and efficient payment system that surpasses traditional networks like Mastercard and Visa, enhancing the U.S. dollar's digital dominance. David Sacks, President Trump's crypto and AI advisor, emphasized that legal clarity from this bill could rapidly expand stablecoin adoption, strengthening national economic strategy. Globally, stablecoins have surged as a financial innovation, with major issuers improving transparency and compliance amid increasing regulatory oversight, and fintech firms integrating stablecoin settlement to bridge traditional and decentralized finance. In the crypto gambling sector, stablecoins have provided critical stability, transforming the space by mitigating the volatility risks associated with earlier cryptocurrencies, thus fueling a $10 billion market by offering reliable digital currency for bets and winnings worldwide. This stability has enabled crypto gambling platforms to grow rapidly by attracting users from regions with limited banking infrastructure, highlighting stablecoins' role in expanding financial inclusion and innovation.