Republicans Urge Senate to Adopt House Crypto Bill as EU Banks Plan Euro Stablecoin

PANews posted on X (formerly Twitter). Republicans are encouraging the Senate to consider a cryptocurrency bill passed by the House, aiming to establish clearer regulations in the digital asset sector. Meanwhile, a coalition of 12 European Union banks, known as Qivalis, is preparing to launch a euro-backed stablecoin, which could enhance financial transactions within the region. This week, the total market value of Real World Assets (RWA) on the blockchain has shown steady growth, reaching $26.52 billion. Additionally, the overall market capitalization of stablecoins has increased for the second consecutive month, now standing at $299.09 billion. The number of active monthly addresses continues to recover, indicating that the market is entering a phase of stable expansion alongside improved user activity.