According to CoinWorld news, Mastercard's global policy director Jesse McWaters stated that the "GENIUS Act" marks a "turning point" for the mainstream adoption of stablecoins, which is 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 institutions to issue stablecoins backed by the US dollar. Several institutions, including JPMorgan, Citigroup, Bank of America, Amazon, and Apple, are advancing related plans. McWaters added, "Mastercard has been preparing for this moment for a long time." (DLNews)