|State of Crypto Week 2023

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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.

By Jason Somensatto|Edited by Benjamin Schiller

Updated Jun 14, 2024, 5:15 p.m. Published Oct 23, 2023, 2:24 p.m.

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)