The GENIUS Act Is Here, and Mastercard Is Already Building its Infrastructure
2025-07-19 04:44:41
Main Idea
The GENIUS Act has been passed by the U.S. Congress, signaling regulatory clarity for digital assets, with Mastercard highlighting stablecoins' growing role in the global financial system.
Key Points
1. The GENIUS Act's passage marks a new era of regulatory clarity and confidence in digital assets in the U.S.
2. Mastercard notes that stablecoins are at a turning point, becoming viable instruments for real-world use.
3. The European Union's MiCA framework and regulations in Singapore, Hong Kong, and the UAE are setting global standards for crypto regulation.
4. Small businesses are using stablecoins for faster B2B cross-border payments, and migrant workers are benefiting from their use.
5. Mastercard has introduced a Euro Crypto Debit Card, and half of its EU e-commerce transactions are now tokenized.
Description
With the GENIUS Act now law, financial giant Mastercard is building infrastructure for stablecoins The new law provides the regulatory clarity for Mastercard to scale its digital payment networks now This marks a major move by a TradFi leader to capitalize on the new US crypto regulatory framework Stablecoins are rapidly moving from a crypto-native experiment to an essential part of the global financial system. This shift is being driven by a wave of new government regulations and serious commit...
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- The GENIUS Act Is Here, and Mastercard Is Already Building its Infrastructure2025-07-19 04:44:41