neutral
Stablecoin rules and global fragmentation: what GENIUS Act means for cross-border payments
With the GENIUS Act setting a U.S. standard for payment stablecoins - requiring transparent reserves, audits and strong custody - industry players see clearer compliance paths for domestic issuance. However, policy experts warn that divergent rules across jurisdictions could complicate cross-border use cases and interoperability.
Payments teams and global wallets will need to adapt technical rails and legal wrappers to satisfy varying onshore rules.
Central banks and standard-setting bodies are expected to accelerate talks on mutual recognition and supervisory cooperation.
Tags:
- crypto
- payments
Weforum• By Harsh Ranjan
Explore:Mutual Fund Categories
neutral
Stablecoin rules and global fragmentation: what GENIUS Act means for cross-border payments
With the GENIUS Act setting a U.S. standard for payment stablecoins - requiring transparent reserves, audits and strong custody - industry players see clearer compliance paths for domestic issuance. However, policy experts warn that divergent rules across jurisdictions could complicate cross-border use cases and interoperability.
Payments teams and global wallets will need to adapt technical rails and legal wrappers to satisfy varying onshore rules.
Central banks and standard-setting bodies are expected to accelerate talks on mutual recognition and supervisory cooperation.
Tags:
- crypto
- payments
Weforum• By Harsh Ranjan
Explore:Mutual Fund Categories
Breaking
neutral
Stablecoin rules and global fragmentation: what GENIUS Act means for cross-border payments
1 min read
79 words
The GENIUS Act clarifies U.S. stablecoin rules but raises cross-border interoperability challenges that payment providers must address.
With the GENIUS Act setting a U.S. standard for payment stablecoins - requiring transparent reserves, audits and strong custody - industry players see clearer compliance paths for domestic issuance. However, policy experts warn that divergent rules across jurisdictions could complicate cross-border use cases and interoperability.
Payments teams and global wallets will need to adapt technical rails and legal wrappers to satisfy varying onshore rules.
Central banks and standard-setting bodies are expected to accelerate talks on mutual recognition and supervisory cooperation.
With the GENIUS Act setting a U.S. standard for payment stablecoins - requiring transparent reserves, audits and strong custody - industry players see clearer compliance paths for domestic issuance. However, policy experts warn that divergent rules across jurisdictions could complicate cross-border use cases and interoperability.
Payments teams and global wallets will need to adapt technical rails and legal wrappers to satisfy varying onshore rules.
Central banks and standard-setting bodies are expected to accelerate talks on mutual recognition and supervisory cooperation.
Tags:
- crypto
- payments
- crypto
- payments
- stablecoins
- regulation
- global