The Senate is preparing for a final vote Tuesday on a bill that would establish the first federal framework for dollar-backed cryptocurrencies known as stablecoins, a major victory for an industry that has pushed for more favorable oversight in Washington,

The U.S. GENIUS Act, advancing in the Senate, could drive broader adoption of stablecoins by offering regulatory clarity. Major firms such as Bank of America, Morgan Stanley, and international banks are exploring launching their own stablecoins.

The firm's stablecoin clearing system aims to facilitate adoption by solving the stablecoin sector's fragmentation problem.

Visa faces a disruptive threat from major customers Amazon and Walmart developing in-house blockchain-based payment solutions. Find out why V stock is a Sell.

Retailers could offer consumers who use their stablecoins a discount at checkout thanks to savings on interchange and surcharge fees.

Major payment processors face stock pressure as retail giants explore stablecoin alternatives that could bypass traditional card networks and reduce transaction fees.