US Firms Prepare for Stablecoin Era: Who Will Lead the Way?

The US is poised to witness a new era of stablecoins, with institutions like banks and payment providers preparing their own dollar-backed tokens. This follows the approval of the GENIUS Act, the first federal framework for regulating payment stablecoins. While clarity has been provided, legal and technological hurdles remain. This article explores why companies are entering the arena, challenges they face, and the potential impact on traditional finance.