Crypto stocks advanced as Circle surged and bitcoin topped $80,000 intraday, while Senate progress on the CLARITY Act improved investor mood.
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CryptoWire, SAN MATEO, California: Global investment firm Franklin Templeton has said that stablecoins are likely to overtake Bitcoin in practical use, signaling a shift in how digital assets may function within financial systems. According to Roger Bayston, Head of Digital Assets at Franklin Templeton, the company sees stablecoins as emerging leaders in transactional utility across the cryptocurrency ecosystem, offering efficiencies that Bitcoin cannot match due to its volatility and network limitations. Bayston noted that while Bitcoin continues to serve as a store of value and a benchmark for digital assets, stablecoins have demonstrated growing adoption as instruments for payments, remittances, and on-chain transactions. He emphasized that…