The post Mastercard says the GENIUS Act is a “turning point” for stablecoin appeared on BitcoinEthereumNews.com.

Financial services company Mastercard acknowledged the GENIUS Act as a “turning point” in stablecoin oversight and the broader integration of digital assets. Jesse McWaters, the company’s head of global policy, even described the stablecoin regulation as a driver of institutional involvement and opportunity for a clearer, more secure regulatory environment for crypto. The GENIUS Act permits licensed banks and corporations to launch stablecoins pegged to the US dollar, as long as they meet rigorous reserve requirements, disclosures, and regulatory compliance requirements. Mastercard says it’s prepared for the stablecoin framework Mastercard noted it had laid the groundwork for several years to welcome the stablecoin regulation. The firm claimed it engaged with players across the crypto and conventional finance landscapes to better understand how stablecoins and other digital assets might enhance today’s payment infrastructure. It stated that it also invested in infrastructure, strategic partnerships, and standards to allow for responsible stablecoin growth.  It added that Mastercard Multi-Token Network and Mastercard Crypto Credential platforms will oversee settlement processes, strengthen safety measures, and support regulatory adherence while retaining the programmability and flexibility that make stablecoins valuable. McWaters also noted that for meaningful adoption of stablecoins moving forward, trusted platforms have to take up the assets. Major corporations like Amazon and Apple are considering investments in stablecoins. Moreover, top executives at JPMorgan, Citigroup, and Bank of America have hinted at similar plans. Several banks are reportedly discussing a partnership with Zelle to issue a joint stablecoin. Analysts are worried that the GENIUS ACT may do more harm than good Summer Mersinger, CEO of the Blockchain Association, also commended the GENIUS Act for its targeted and purpose-built approach to stablecoin regulation. He argued that the law paves the way for regulatory clarity to ensure consumer protection, promote innovation, and strengthen the US dollar’s influence in digital…

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Filed under: News - @ July 20, 2025 8:20 am