The upcoming STABLE Act, aimed at regulating stablecoins in the U.S., could significantly impact the landscape for issuers, with Coinbase potentially benefiting the most. According to a recent report by Nansen, compliant issuers like Coinbase, PayPal, and Visa are likely to be the biggest beneficiaries of this new regulation. The report highlights the potential winners of the STABLE Act, which mandates full reserves for stablecoins, requiring issuers to hold cash or U.S. Treasuries and prohibiting interest payments to holders. The act also necessitates licensed banks, state-approved trusts, or companies regulated by the U.S. Office of the Comptroller of Currency.