Mastercard Executive: GENIUS Act Brings "Turning Point" for Stablecoin Adoption

Mastercard's Global Head of Public Policy, Jesse McWaters, stated that the GENIUS Act marks a "turning point" for the mainstream adoption of stablecoins, with the potential to drive institutional participation and promote the development of compliant stablecoins. He believes the bill ushers in "a new era of regulatory clarity and confidence in digital assets," allowing regulated institutions to issue dollar-backed stablecoins. Several institutions, including JPMorgan Chase, Citigroup, Bank of America, Amazon, and Apple, are already advancing related plans. McWaters added, "Mastercard has been preparing for this moment for a long time." (DLNews) [Odaily Planet Daily News]