The post Will Stablecoins Reduce XRP’s Need and Importance? appeared first on Coinpedia Fintech News
It’s a big day for the crypto world. The US Senate has officially passed the Genius Act, an important stablecoin bill. With a strong 68-30 vote, the bill will now move to the House, where it’s expected to pass quickly before heading to President Trump’s desk for final approval.
This new law could reshape the stablecoin market in the US, with clear rules for companies like Circle’s USDC and other dollar-backed digital assets. While crypto enthusiasts are celebrating this progress, it has sparked fresh debate about what it means for other major players like XRP.
There is a worry that the rise of regulated, fast, and reliable stablecoins could reduce the need for XRP in cross-border payments and liquidity solutions. However, according to an industry expert, this could actually boost XRP’s utility by giving banks and businesses more ways to move money while still ne
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