Edition: Singapore Indonesia Asia US/UK The total market capitalization of stablecoins surged to a record high on Wednesday, data showed, as the U.S. Senate passed a bill to regulate the sector, a major step towards legitimising a once-niche but now fast-growing corner of the crypto market. According to CoinDesk data, the market capitalization of stablecoins hit an all-time high of $251.7 billion, up 22 per cent so far this year. Stablecoins are a type of cryptocurrency designed to maintain a