U.S. Senators push for stablecoin legislation ahead of recess

Bipartisan senators are advocating for the swift passage of stablecoin regulation before the May 26 recess, perceiving it crucial for digital currency oversight.

With Tether USDT (USDT) maintaining its peg at 1.00 USD, its market cap stands at approximately 150 billion USD. The ongoing discussions reflect significant implications for market stability and regulatory clarity.

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