Surge in Stablecoin Innovation Expected After U.S. Regulation, Says Chainlink’s Sergey Nazarov
Sergey Nazarov, founder of Chainlink, stated that stablecoin regulation in the U.S. will trigger a wave of new stablecoins both domestically and globally. He emphasized that these new stablecoins will require proof of reserves and cross-chain connectivity to serve as reliable payment sources for the expanding digital asset economy and tokenized funds.
This perspective aligns with recent developments: on June 17, 2025, the U.S. Senate passed the GENIUS Act, the first major federal framework for dollar-pegged stablecoins. The bill mandates that stablecoins be fully backed by liquid assets such as U.S. dollars and short-term Treasuries, with monthly public disclosures of reserves. It also establishes clear oversight and compliance requirements, including anti-money laundering standards.
Industry leaders and policymakers expect this regulatory clarity to open the door for more institutions, fintechs, and even retailers to issue stablecoins, accelerating adoption and innovation in the U.S. and beyond.
