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Point of View: The GENIUS Act is Driving Stablecoins Towards Payment Applications, Potentially Spawning a Wave of "Killer Apps"
BlockBeats News, July 27th, Sygnum's Chief Investment Officer Fabian Dori stated that the GENIUS Act will change the stablecoin landscape, pushing issuers to transition from a yield-oriented model to a payment use case. The revised bill clearly distinguishes between interest-bearing stablecoins and payment-use stablecoins, bringing the U.S. framework closer to the EU's MiCA regulation and laying the groundwork for a "global consensus." Dori believes that regulatory clarity will spur institutions to develop innovative "killer applications," creating a whole new demand for payment services. (Cointelegraph)
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