Tech
Circle, Coinbase shares soar as Senate clears path for stablecoin regulation
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Shares of stablecoin issuer Circle and crypto exchange Coinbase surged on Wednesday after the U.S. Senate passed a landmark stablecoin bill, boosting hopes of wider adoption for a once-niche part of the crypto sector.
The bill was passed with bipartisan support, marking a turning point in the debate over crypto oversight, and a breakthrough for a sector long stuck in regulatory limbo.
The tokens have gained traction for offering crypto’s convenience without its volatility. Pegged to currencies like the U.S. dollar, they aim to hold a stable value…
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