Google searches for stablecoins hit new all-time high

Google searches for stablecoins have hit a new all-time high after the passage of the GENIUS Act, a law recently signed by U.S. President Donald Trump that provides a regulatory pathway for foreign stablecoin issuers to operate in the U.S. According to Cointelegraph, this is due to the approval of regulations and a surge in stablecoin issuance and supply, as well as growing momentum among institutions to issue their own stablecoins. Nassar Al Achkar, Chief Strategy Officer (CSO) at cryptocurrency exchange CoinW, explained that stablecoins are gaining traction as a hedging tool against recent crypto volatility. The growing demand for stablecoins stems from their high utility in cross-border payments, along with their functionality as a safe haven in times of market uncertainty, the CoinW CSO added.