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Mastercard Global Head: 'GENIUS Act' Marks Turning Point for Stablecoin Adoption, Major Players Prepare Strategies

Summary: According to DL News, Jesse McWaters, global policy chief at Mastercard, stated that the 'GENIUS Act' represents a turning point for mainstream adoption of stablecoins, driving institutional participation and compliant stablecoin development. He described the act as ushering in a 'new era of regulatory clarity and confidence in digital assets.' The act allows regulated entities ...

According to DL News, Jesse McWaters, global policy chief at Mastercard, stated that the 'GENIUS Act' represents a turning point for mainstream adoption of stablecoins, driving institutional participation and compliant stablecoin development. He described the act as ushering in a 'new era of regulatory clarity and confidence in digital assets.' The act allows regulated entities to issue USD-backed stablecoins, with major players like JPMorgan Chase, Citigroup, Bank of America, Amazon, and Apple advancing related plans. McWaters added, 'Mastercard has long been preparing for this.'

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Link: Mastercard Global Head: 'GENIUS Act' Marks Turning Point for Stablecoin Adoption, Major Players Prepare Strategies [Copy]

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