Legislative Framework for "Stablecoins"

And Donald Trump could go even further by issuing, in the coming days, a decree authorizing regulated pension funds, the 401(k), to include digital currencies in their investment assets, according to the Financial Times. By the end of March, these pension funds held approximately $8.7 trillion in assets under management, according to the professional organization ICI (Investment Company Institute).
Immediately after the adoption of the CLARITY Act, a new vote began, this time on the GENIUS Act, which establishes a legislative framework for "stablecoins," cryptocurrencies backed by a traditional currency. Once again, the bill was widely supported, with dozens of Democratic members voting in favor alongside the Republican majority. It will then be submitted to U.S. President Donald Trump for ratification.

Stablecoins are considered a major tool for popularizing cryptocurrencies, much more than Bitcoin, which has no utility other than speculation. They are supposed to embody the best of both worlds: the stability of a traditional currency like the dollar and the transaction ease offered by cryptocurrencies, including cross-border transactions.