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Stablecoin adoption is on the rise. As Crypto Week kicks off in Washington, BofA flags four corners of the market that could benefit from the boom.

Faryar Shirzad, Coinbase chief policy officer, joins 'The Exchange' to discuss the impact of stablecoins' surge, 'Crypto Week' on Capitol Hill and the GENIUS Act.

Notably, PayPal plans to expand its stablecoin PYUSD to the Arbitrum network. The development has stirred the crypto community.

Citigroup may issue its own stablecoin in an effort to facilitate digital payments, the bank's CEO, Jane Fraser, told analysts on a post-earnings conference call on Tuesday.

A stablecoin Bank Founded by Coinbase and Airbnb veterans has received 12.5 million in funding to "power the future of global business banking."

PayPal plans to expand its PYUSD stablecoin to the Arbitrum blockchain network. PYUSD currently operates on Ethereum and Solana. PayPal has updated its cryptocurrency terms and conditions to include support for its USD stablecoin, PYUSD, on the Arbitrum network, alongside existing support for Ethereum and Solana.

Circle shares slid Tuesday after the House blocked a key procedural vote, stalling momentum on legislation the industry has counted on for regulatory clarity.

For all the hype around stablecoins, they’re a long way from becoming a viable everyday payment tool, according to Mastercard Inc.’s chief product officer, Jorn Lambert.

There is perhaps no hotter segment in the cryptocurrency world at the moment than stablecoins. Companies like Amazon or Walmart are considering adopting them, while big banks such as JPMorgan Chase and Citigroup are exploring launching their own stablecoins, according to The Wall Street Journal.