Furthermore, the expert has offered insights into why this move matters for the network and the blockchain sector. The first reason is that public blockchains are being increasingly assessed for sovereign-grade settlement infrastructure.
Crypto Tice has debunked every speculation of hype around the move, claiming that this is about who settles money in the future. “Public blockchains just entered the sovereign conversation,” the expert added.
Stablecoin Market To Get A Boost?However, the growth of the stablecoin market cap is largely linked to the impending CLARITY Act, as the bill will trigger an explosive inflow of funds. In that scenario, the increase in the market cap will lead to a rally in the broader cryptocurrency market.
Despite the escalating geopolitical tensions and unfavorable conditions in March, liquidity flows have started to return to the crypto market. April is already moving in alignment with the pattern, recording more than $1 billion in net stablecoin inflows since the month began.
