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The U.S. Risks Its Position as a Stablecoin Leader

USD stablecoin transactions are rising fast, but most of the growth is happening outside of the United States, says Jason Somensatto, Head of North America Policy at Chainalysis.

Rep. Patrick McHenry, temporary speaker of the U.S. House of Representatives, is a longtime supporter of crypto legislation, including the Clarity for Stablecoins Act. (Jesse Hamilton/CoinDesk)
Rep. Patrick McHenry, temporary speaker of the U.S. House of Representatives, is a longtime supporter of crypto legislation, including the Clarity for Stablecoins Act. (Jesse Hamilton/CoinDesk)