Odaily Planet Daily News - Mastercard's Global Policy Chief Jesse McWaters stated that the "GENIUS Act" marks a "turning point" for the mainstream adoption of stablecoins, expected to drive institutional entry and promote the development of compliant stablecoins. He believes the act opens a "new era of regulatory clarity and confidence in digital assets," allowing regulated entities to issue dollar-backed stablecoins. Several institutions, including JPMorgan, Citigroup, Bank of America, Amazon, and Apple, are already advancing related plans. McWaters added, "Mastercard has been prepared for this moment for a long time." (DLNews)