Mastercard Global Head: The GENIUS Act brings a "turning point" to the adoption of stablecoins, and many giants are already preparing for deployment

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According to ChainCatcher and DL News, Jesse McWaters, the global policy head of Mastercard, stated that the GENIUS Act is a "turning point" for mainstream stablecoin adoption, which will drive institutional participation and compliant stablecoin development.

He described the act as ushering in a "new era of regulatory clarity and digital asset confidence." The act allows regulated institutions to issue USD-backed stablecoins, with giants like JPMorgan, Citibank, Bank of America, Amazon, and Apple all advancing related plans. He added: "Mastercard has been preparing for this for a long time."

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