New Delhi, May 10 -- As regulators tighten rules around the crypto sector, stablecoins are emerging as a key link between traditional finance and digital assets. As its adoption increases, J.P.Morgan recently projected the stablecoin market is likely to reach $500 billion by 2028, while Standard Chartered estimated $2 trillion by 2028. Here we look at What are stablecoins how GENIUS Act and MICA rules are changing reshaping the market and also how banks and wider market are adopting the stablecoins.

A stablecoin is a kind of cryptocurrency tied to a stable asset, such as a fiat currency like the US dollar, which makes it less volatile than Bitcoin and other cryptocurrencies.

On paper, stablecoins provide the advantages of cryptocurrency...