Mastercard Global Head: The 'GENIUS Act' Marks a Turning Point for Stablecoin Adoption as Major Players Prepare Their Strategies
According to ChainCatcher, as reported by DL News, Jesse McWaters, Mastercard's Global Head of Policy, stated that the "GENIUS Act" marks a turning point for mainstream adoption of stablecoins and will drive institutional participation and the development of compliant stablecoins.
He said the act ushers in "a new era of regulatory clarity and confidence in digital assets." The legislation allows regulated institutions to issue US dollar-backed stablecoins, and major players such as JPMorgan, Citi, Bank of America, Amazon, and Apple are all advancing related initiatives. He added, "Mastercard has been preparing for this for a long time."
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