Stablecoins, a type of cryptocurrency designed to maintain a steady value by being pegged to reserve assets like the U.S. dollar, are gaining prominence in the financial world. According to recent reports, stablecoins facilitated $15.6 trillion in transactions last year, highlighting their increasing role in digital finance. Tether, a major issuer, reported $13 billion in profits in 2024, and the stablecoin market now has more than $230 billion backing these digital assets. The U.S. Securities and Exchange Commission (SEC) has clarified that certain stablecoins, meeting specific criteria, are not considered securities. This classification allows issuers to bypass the usual securities registration process, viewing these coins as tools for payment or storing value rather than investment products. In Washington, lawmakers are actively working on establishing a regulatory framework for stablecoins. The Senate Banking Committee has advanced the Genius Act, and the House Financial Services Committee has moved forward with the Stable Act. These bills are expected to define the operation and issuance of stablecoins in the near future. PayPal was the first major brand to launch a stablecoin, indicating potential for more companies to follow suit.