Texas is taking the lead in digital assets with the Money Services Modernization Act, clear rules for stablecoins, and even a proposed Bitcoin reserve. By blending regulation with bold experimentation, Texas is positioning itself as a U.S. hub for crypto innovation and financial policy that could reshape how investors and businesses interact with digital assets.

Goldman Sachs has released a new report predicting a massive surge in the stablecoin market, projecting that its value could reach into the trillions of dollars in the coming years. The bank highlights that while stablecoins—digital assets pegged to stable assets like the U.S. dollar—are currently valued at around $288 billion, their primary use has been limited to crypto trading and offshore demand for dollars.

The Financial Action Task Force (FATF), a global financial watchdog, has issued a stark warning about the increasing misuse of stablecoins for illicit activities as international efforts to regulate cryptocurrencies continue to lag behind. In its latest report, the FATF highlighted that stablecoins have become the dominant vehicle for illegal on-chain activity, driven by their low costs, fast settlement times, and broad liquidity.

Ripple’s stablecoin RLUSD has experienced rapid growth, recently surpassing the$300 million mark in circulating supply—a sixfold increase since its launch in December 2024.

Institutional confidence in stablecoins has reached unprecedented levels, with over 50% of the $3 trillion in digital asset transfers processed by Fireblocks involving stablecoins like USDT and USDC.

Stablecoins offer stability by pegging their value to fiat, commodities, or algorithms, making them ideal for holding value, international p