GENIUS Act could ‘onboard a billion people’ into crypto, analysts say

“Stablecoins now present what I believe is the first credible opportunity to onboard a billion people into crypto,” said Daren Matsuoka, a data scientist at a16z’s crypto arm.

According to Matsuoka, stablecoins have settled $33 trillion in transactions over the past year, dwarfing PayPal and even approaching the volume of ACH bank transfers.