GENIUS Act Spurs Shift to Payment Utility in Stablecoins

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The GENIUS Act is poised to change the stablecoin landscape by steering issuers away from yield-based models and toward payment-focused use cases, according to Sygnum chief investment officer Fabian Dori.

“The GENIUS Act was recently amended to create a clear separation between interest/yield-bearing stablecoins and those used for payments,” Dori told Cointelegraph. He said this brings the US framework closer to the EU’s Markets in Crypto-Assets (MiCA) regulation, laying the foundation for “global consensus.”

Dori added that the real impact…



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GENIUS Act Spurs Shift to Payment Utility in Stablecoins


The GENIUS Act is poised to change the stablecoin landscape by steering issuers away from yield-based models and toward payment-focused use cases, according to Sygnum chief investment officer Fabian Dori.

“The GENIUS Act was recently amended to create a clear separation between interest/yield-bearing stablecoins and those used for payments,” Dori told Cointelegraph. He said this brings the US framework closer to the EU’s Markets in Crypto-Assets (MiCA) regulation, laying the foundation for “global consensus.”

Dori added that the real impact…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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