Bernstein reports that the GENIUS Act, if passed, could transform stablecoins into a key "money rail" for internet transactions, treating them as digital cash.
The bill aims to drive broader payment adoption but restricts non-financial companies (e.g., Amazon, Walmart) from issuing their own stablecoins, favoring regulated U.S. issuers.
This could push stablecoins toward mainstream use in 2025
#stablecoin #CryptoNews #Web3 #GENIUSAct
