An Iran-Israel ceasefire would ease concerns over Tehran's crude supplies going offline, and the stability of oil transport through the Strait of Hormuz.
The launch coincides with growing momentum in Congress, as the Senate's passage of the Genius Act signals rising institutional support for stablecoins.
Led by investor and podcast host Anthony Pompliano, ProCap raised more than $750 million in its funding round, including $235 million in convertible debt.