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Companies plan stablecoins under new law, but experts say hurdles remain
16 Articles
16 Articles
Companies explore their own stablecoins under new law, but hurdles remain
Financial companies from Bank of America to Fiserv are preparing to launch their own dollar-backed crypto tokens now that a new U.S. law has established the first-ever rules for stablecoins, but experts warn the path forward could be anything but simple. U.S. President Donald Trump on July 18 signed the GENIUS Act into law, setting federal rules and guidelines for cryptocurrency tokens pegged to the U.S. dollar known as stablecoins. This U.S. la…
Stablecoins on the Verge: U.S. Law Sparks New Crypto Futures
With the U.S. President signing the GENIUS Act, companies like Bank of America and Walmart are exploring dollar-backed stablecoins. This new law aims to integrate crypto into everyday transactions despite challenges. Experts point out compliance and technical complexities, emphasizing potential banking advantages.
Companies plan stablecoins under new law, but experts say hurdles remain
Financial companies from Bank of America to Fiserv are preparing to launch their own dollar-backed crypto tokens now that a new U.S. law has established the first-ever rules for stablecoins, but experts warn the path forward could be anything but simple.
Experts Predict Rough Road Ahead For Wall Street Giants In Stablecoin Rollout - Coin Surges
In a transformative moment for the cryptocurrency industry with new regulations coming from the US, major financial institutions are setting their sights on stablecoins, thanks to the recent passage of the GENIUS Act. This regulatory framework, part of President Donald Trump’s vision to position the US as the global leader in cryptocurrency, has prompted banks like Bank of America, Fiserv, and Morgan Stanley to explore the adoption and integrati…
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