<ul><li>Stablecoins are gaining popularity in everyday commerce and commercial settings with increasing market cap.</li><li>Legislation is being proposed to establish frameworks for stablecoin issuers, while banks are considering a consortium approach for an interoperable stablecoin.</li><li>Stablecoin market cap exceeds $249 billion, with Tether leading at $152 billion market cap and $117 million daily trading volume.</li><li>Concerns revolve around the reserves backing stablecoins, the need for regulations, and the impact of market fluctuations, especially in assets like Treasurys and commercial paper.</li></ul>

Stablecoins Gain Popularity, but Reserves and Volatility Bear Watching

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