STABLECOINS ARE HERE TO STAY: BLACKROCK BlackRock says new U.S. legislation, especially the Genius Act, is cementing stablecoins’ role in global finance and reinforcing the long-term case for bitcoin. In a note, the firm calls stablecoins one of five "mega forces" shaping future returns. These dollar-pegged tokens combine crypto’s speed with fiat stability, and have grown to a $250B market since 2020. The Genius Act defines stablecoins as payment tools, limits issuance to regulated institutions, and requires issuers to hold short-term U.S. Treasurys. BlackRock says this may support Treasury demand but likely won’t affect yields significantly. Stablecoins, the firm adds, could boost dollar dominance, especially in emerging markets. Bitcoin, up 25% YTD, remains a key return driver. BlackRock concludes: stablecoins are a core part of finance’s future—and the U.S. aims to lead in digital asset innovation.