The Senate’s ready for stablecoins. Are you?

The Senate is roaring ahead on stablecoin legislation. The speed has taken Washington, and parts of the financial services sector, by surprise.

Behind the scenes, bank advocates have spent the last week or so in a quiet scramble. As we scooped on Friday, the Senate Banking Committee is aiming to mark up stablecoin legislation led by Sen. Bill Hagerty (R-Tenn.) the week of March 10.