Mastercard Executive: "The GENIUS Act Will Be a Turning Point for the Popularization of Stablecoins"
Suehyeon Lee
Summary
- The Global Head of Policy at Mastercard stated that the GENIUS Act will serve as a turning point for the expansion of the stablecoin market.
- McWaters conveyed that the Act will accelerate the entry of institutional investors and promote the development of regulatory-compliant stablecoins.
- It is reported that traditional financial institutions and Big Tech, including Mastercard, are pursuing projects related to stablecoins.
Jesse McWaters, Mastercard's Global Head of Policy, stated that the GENIUS Act will be a turning point for the expansion of the stablecoin market.
According to DL News on the 19th (local time), McWaters said, "The GENIUS Act will accelerate the entry of institutional investors and promote the development of regulatory-compliant stablecoins," and added, "Mastercard has been preparing for this moment for a long time."
Meanwhile, it has been reported that traditional financial institutions and Big Tech firms—including Mastercard, JPMorgan Chase, Citibank, Bank of America, Amazon, and Apple—are undertaking projects related to stablecoins.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.![[Exclusive] FSS to examine ZKsync coin that surged '1,000%' in three hours](https://media.bloomingbit.io/PROD/news/1da9856b-df8a-4ffc-83b8-587621c4af9f.webp?w=250)
