Last week, the crypto market saw a flurry of regulatory developments, major funding rounds and notable industry movements from various regions. He noted that the broader goal is to position the U.S. as the global crypto hub. Stablecoins already have a $300 billion global market cap and have grown from niche instruments to key players in financial infrastructure. European Banks Form Euro Stablecoin ConsortiumNine major European banks, including ING, UniCredit, and CaixaBank, have united to launch a euro-denominated stablecoin. 🇺🇸🤝🇬🇧 Big move in global crypto regulation!