The partnership unfolds amid a , highlighted by the U.S.

Senate’s recent passage of the , which offers flexible oversight options for stablecoin issuers – in contrast to the stricter .

, known for its and , is deepening its .

The firm recently urged China’s central bank to support yuan-based stablecoins and is eyeing like Singapore and Hong Kong.

It’s also collaborating with the to tokenize ESG-related assets.

, meanwhile, continues with initiatives like feeless USDC-dollar conversions via and new roles in .

CEO believes stablecoins are poised to become a transformative financial technology on par with the iPhone.