Stablecoin issuer Circle donated $1 million in USDC to President-elect Donald Trump’s Inauguration Committee, signaling a maturation of the asset class. With stablecoins holding a $203 billion market cap, USDC commands $44 billion. Industry leaders anticipate pro-crypto legislation under Trump's administration. Senators Gillibrand and Lummis introduced the Payment Stablecoin Act to regulate stablecoins, aiming to maintain the US dollar's dominance. Former Speaker Paul Ryan suggested stablecoins could aid the national debt crisis. Senator Hagerty proposed the Clarity for Payment Stablecoins Act to regulate issuers. Predictions indicate the stablecoin market could reach $300 billion by 2025. Venture capitalists are eyeing stablecoins for investments, especially in emerging markets. Centralized stablecoins are seen as a threat to Bitcoin payments. Subscribe to the Crypto Biz newsletter for insights on blockchain trends and regulatory changes. Read more AI-generated news on: https://app.chaingpt.org/news

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