U.S. Congress moves to regulate stablecoins amid growing global role

World Today

Stablecoins are digital assets designed to maintain a stable value, often pegged to the U.S. dollar. Unlike traditional cryptocurrencies, they avoid the extreme price volatility, making them attractive for real-world financial use. Now, the U.S. Congress is taking steps to regulate stablecoins as their influence in the global financial system continues to grow. CGTN’s Ira Spitzer reports.