Stablecoins Are Reshaping the Dollar’s Future Faster Than Washington Expected

The stablecoins boom is getting difficult to treat as a crypto-only story. With the market hovering around $300 billion to $322 billion, dollar-pegged tokens have grown far beyond their role as a convenient way to move money between exchanges.The market has more than doubled since the end of 2023, when stablecoin capitalization stood at roughly $124 billion. Now, the vast majority of that supply is concentrated in two names: Tether’s USDT and Circle’s USDC.USDT represents about 60% o