Congress’s Biggest Financial Priority Is “Stablecoin.” What the Hell Is That?

Congress’s Biggest Financial Priority Is “Stablecoin.” What the Hell Is That?

The Trump administration’s trade war with the world has roiled the stock market and threatens to plunge the country into a recession while jacking up the price of basic supplies. But instead of taking on the financial issues dominating the headlines, the House and Senate are racing to bring stablecoins — a cryptocurrency sector few Americans have even heard of — out from the shadows. The $230 billion stablecoin industry could be the first to ben…