The biggest winner from potential stablecoin legislation may be the U.S. dollar. Here’s why. - MarketWatch

1. U.S. policymakers push for stablecoin regulation to strengthen the USD. 2. USD-pegged stablecoins dominate over 99% of the market. 3. Stablecoin issuers hold over $120 billion in U.S. Treasurys. 4. The GENIUS Act aims to enhance oversight of stablecoins. 5. Investor focus on dollar weakness drives stablecoin adoption.