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BlackRock Highlights Stablecoins as Key Driver in Global Finance
BlackRock Highlights Stablecoins as Key Driver in Global Finance
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BTCCSquare news:
BlackRock has identified stablecoins as one of five transformative forces shaping future financial returns, underscoring their growing institutional relevance. The GENIUS Act—now the first major U.S. crypto law—mandates 1:1 asset backing for stablecoin issuers, cementing their role in regulated markets.
Tether’s USDT and Circle’s USDC dominate the sector with a combined $273 billion market cap. BlackRock notes these assets could bolster demand for U.S. Treasuries without destabilizing yields, while reinforcing dollar hegemony in emerging economies.
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