US Banks Get Green Light to Issue Stablecoins. $USDC Watch Out. 🏦

The US regulatory landscape just fundamentally shifted. The FDIC has finalized a framework allowing US banks to issue payment stablecoins under the GENIUS Act. This isn't a minor update; it formalizes the path for traditional finance to directly compete in the digital dollar space. Bank subsidiaries now have clear approval requirements to enter the market. This move legitimizes the asset class and signals institutional acceptance. Expect massive competition for existing players like $USDC and $USDT as regulated entities step in. This is the institutionalization of stable value. 📈

#Stablecoins #FDIC #CryptoRegulation #DigitalDollar

💡

USDCUSDT

Prep

0.99965

+0.02%