Mastercard's Global Policy Head: GENIUS Act Brings "Turning Point" for Stablecoin Adoption

Mastercard's global policy chief, Jesse McWaters, stated that the GENIUS Act is a "turning point" for the mainstream adoption of stablecoins, which will promote institutional participation and the development of compliant stablecoins. He called the bill a harbinger of "a new era of regulatory clarity and confidence in digital assets." The bill allows regulated institutions to issue dollar-backed stablecoins, and giants such as JPMorgan Chase, Citigroup, Bank of America, Amazon, and Apple are all advancing related plans. He added, "Mastercard has been preparing for this for a long time." [DLNews]