{"id":14110,"date":"2025-02-20T13:01:59","date_gmt":"2025-02-20T13:01:59","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=14110"},"modified":"2025-02-20T13:01:59","modified_gmt":"2025-02-20T13:01:59","slug":"u-s-stablecoin-adoption-is-being-hindered-by-a-lack-of-regulation-sp-says","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=14110","title":{"rendered":"U.S. Stablecoin Adoption Is Being Hindered by a Lack of Regulation, S&P Says"},"content":{"rendered":"
\n

The absence of stablecoin regulation in the U.S. is one of the main hurdles to adoption, S&P Global Ratings said in a Wednesday report.<\/p>\n

“The lack of regulation is one of the main impediments to stablecoin adoption in the U.S. and has prevented a broader institutional adoption of stablecoins,” analysts led by Mohamed Damak wrote.<\/p>\n

S&P said it expects adoption to grow once regulation is in place.<\/p>\n

Stablecoins are cryptocurrencies<\/a> whose value is tied to another asset, such as the U.S. dollar or gold. They play a major role in cryptocurrency markets and are also used for to transfer money internationally.<\/p>\n

New rules are coming. The Senate’s Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act<\/a> mandates federal regulation for stablecoins with a market cap of over $10 billion with the potential for state regulation if it aligns with federal rules. The House of Representatives STABLE Act calls for state regulation without any conditions.<\/p>\n

Some users are expected to move from unregulated to regulated stablecoins once a framework is in place, the report said, and this could alter the industry landscape.<\/p>\n

“Stablecoins will play an increasingly important role in on-chain transactions,” the authors wrote, protecting users’ savings from “local monetary instability in emerging markets,” or to receive payments.<\/p>\n

Wall Street bank JPMorgan (JPM) said Tether, which issues market leader USDT, could face challenges from proposed U.S. stablecoin regulations, in a report last week.<\/p>\n

Read more: Tether May Have to Sell Some Bitcoin to Comply With U.S. Stablecoin Rules: JPMorgan<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The absence of stablecoin regulation in the U.S. is one of the main hurdles to adoption, S&P Global Ratings said in a Wednesday report. “The lack of regulation is one of the main impediments to stablecoin adoption in the U.S. and has prevented a broader institutional adoption of stablecoins,” analysts led by Mohamed Damak wrote. […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-14110","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/14110","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=14110"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/14110\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=14110"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=14110"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=14110"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}