Harriet Hageman: “There's already $250 billion associated with stablecoin.”

“The Genius act is the first effort to actually provide a regulatory and consumer protection framework for how we deal with stablecoins. And the thing about stablecoins is it's tied to the American dollar. There's already $250 billion associated with stablecoin. That's only going to expand. And they were talking yesterday the timeline that they see where we would potentially get up to a trillion dollars.” (19:08–19:14)

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.