A study by Lambis Dionysopoulos and Andrew Urquhart highlights the growth and importance of stablecoins over the past 10 years. Stablecoins are being used for international cross-border payments, liquidity management, and protection against currency fluctuations. The majority of stablecoins in circulation are issued by Tether (USDT) and Circle USDC (USDC). The study suggests that the accelerated adoption of stablecoins is impacting the digital asset ecosystem and the financial system as a whole. William Quigley, a cryptocurrency investor, believes that stablecoins will continue to grow and drive the next phase of crypto adoption. President Donald Trump and his administration also support stablecoins and their role in global financial settlements. The US has introduced two stablecoin bills seeking to regulate stablecoin issuers. Stablecoins are regulated in various countries, and there is a prediction of increased regulatory initiatives in the future to support the responsible development of stablecoins.



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