According to reports from Wu, Jesse McWaters, global policy head of Mastercard, stated that the (GENIUS Act) is a turning point for the mainstream adoption of stablecoins, which will drive institutional participation and the development of compliant stablecoins. He mentioned that the act heralds a new era of regulatory clarity and confidence in digital assets. The act allows regulated entities to issue dollar-backed stablecoins, with giants like JPMorgan, Citigroup, Bank of America, Amazon, and Apple all advancing related plans. McWaters added that Mastercard has been preparing for this for a long time.