(Bloomberg) -- Most banks in the industry’s biggest climate alliance endorsed a proposal that will refocus the group on providing financial support for the energy transition and also hold signatories ...

The passage of the Genius Act in the U.S., expected in coming months, will further legitimize the stablecoin industry, the report said.

Stablecoins are set for massive growth, with new US legislation fueling their rise while concerns over euro sovereignty mount in Europe.