Congress passed the GENIUS Act this week, boosting the market for stablecoins. Here's what investors need to know about the corner of the crypto market.

Billionaire Michael Novogratz said that the passage of landmark stablecoin legislation will bring more traditional financial institutions into the cryptocurrency market.“We set up Galaxy in 2017 with the idea that institutions would finally come to the market and they’re here,

The cryptocurrency designed to maintain a constant value is up 22 percent so far this year.