A recent report by Wall Street broker Bernstein suggests that U.S. stablecoin regulation, particularly the GENIUS Act, is likely to pass in the coming months. This legislation is anticipated to transform stablecoins into the fundamental 'money rail of the internet.' The GENIUS Act aims to encourage stablecoin innovation by providing a regulatory framework for U.S. issuers, particularly for those with market caps exceeding $10 billion. These stablecoins are recognized as digital cash, potentially broadening their use beyond cryptocurrency transactions to mainstream payment systems. The act makes it challenging for non-financial public companies to issue stablecoins, which means tech platforms interested in stablecoins might have to collaborate with regulated U.S. issuers instead of creating their own. Bernstein emphasizes this evolution from crypto to internet payment systems, paving the way for wider adoption of stablecoins in everyday transactions.

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