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Stablecoin summer

Aug 20, 2025
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It’s been the summer of stablecoins. The recently-passed GENIUS Act has created the first federal regulatory system for stablecoins, major companies are exploring launching their own stablecoins, and USDC issuer Circle recently went public to much fanfare. So, does the stablecoin summer have staying power, and what could that mean for issuers, the existing payment and banking systems, markets, and financial stability?

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    Stablecoin Summer

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