TechFlow news, November 12 — According to The Block, the Blockchain Advocacy Coalition Digital Chamber of Commerce called on U.S. lawmakers to take immediate action and pass stablecoin legislation to meet the growing demand for their use. In a report, the organization highlighted the increasing adoption of stablecoins in cross-border savings and payments, emphasizing the urgency of legislative measures. The report also noted that over 98% of stablecoins in global circulation are pegged to the U.S. dollar.
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