S&P Global Ratings Reports U.S. Stablecoin Adoption Hindered by Regulation Lack
S&P Global Ratings identified the lack of stablecoin regulation in the U.S. as a key barrier to adoption, impacting institutional interest.
- Regulation is necessary for broader stablecoin acceptance.
- Anticipated growth in adoption once regulations are established.
- The Senate's GENIUS Act proposes federal oversight for stablecoins with market caps over $10 billion.
- The House's STABLE Act advocates for state regulation without conditions.
- Users may transition from unregulated to regulated stablecoins post-regulation.
- Stablecoins are vital for on-chain transactions and mitigating monetary instability in emerging markets.
- JPMorgan highlighted potential challenges for Tether (USDT) under new regulations.