GENIUS Act to Transform Stablecoin Landscape, Says Sygnum CIO

According to BlockBeats, Sygnum's Chief Investment Officer Fabian Dori has stated that the GENIUS Act will significantly alter the stablecoin landscape by shifting issuers from a yield-driven model to a focus on payment use cases. The revised legislation clearly distinguishes between interest-bearing stablecoins and those used for payments, aligning the U.S. framework more closely with the European Union's MiCA regulations and laying the groundwork for a 'global consensus.' Dori believes that regulatory clarity will encourage institutions to develop innovative 'killer applications,' creating new demand for payment services.