Mastercard exec: GENIUS Act marks a “turning point” for stablecoin adoption
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Global Policy Director of Mastercard, Jesse McWaters, stated that the GENIUS Act marks a "turning point" for mainstream stablecoin adoption, which is expected to drive institutional entry and promote the development of compliant stablecoins. He believes the act opens a "new era of regulatory clarity and digital asset confidence," allowing regulated institutions to issue dollar-backed stablecoins. Multiple institutions, including JPMorgan, Citigroup, Bank of America, Amazon, and Apple, have been advancing related plans. McWaters added: "Mastercard has been preparing for this moment for a long time." (DLNews)
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