S P Global: U.S. Stablecoin Regulation Could Boost Adoption, Alter Industry Landscape

According to a report released Wednesday by S&P Global Ratings, the absence of stablecoin regulation in the U.S. is hindering broader institutional adoption. Analysts suggest that the introduction of new rules, such as those proposed in the Senate's GENIUS Act (regulating stablecoins with a market cap over $10 billion) and the House's STABLE Act, could significantly alter the stablecoin industry landscape. The report anticipates a shift from unregulated to regulated stablecoins once a framework is established, potentially increasing their role in on-chain transactions and protecting users in emerging markets from monetary instability. JPMorgan noted last week that Tether (USDT) could face challenges from proposed U.S. stablecoin regulations.