According to Crypto Rover, the U.S. Digital Assets Subcommittee has introduced the STABLE Act aimed at regulating U.S. dollar-backed stablecoins. This legislative move is expected to create a more stable regulatory environment, potentially leading to a surge in stablecoin usage and trading activities. Traders should watch for changes in stablecoin market capitalization and potential impacts on liquidity. Source: [Crypto Rover](https://twitter.com/rovercrc/status/1905107338953969762)

According to @milesdeutscher, Ethena's stablecoin, USDe, holds 2.3% of the total stablecoin market. The revenue model involves a unique strategy of backing USDe with delta-hedged positions on staked Ethereum (such as stETH) and short perpetual futures, providing stability and potential profit avenues for traders.