TechFlow news — On February 20, according to CoinDesk, S&P Global Ratings stated in a recent report that the lack of regulation is one of the main barriers to stablecoin adoption in the United States, directly limiting widespread institutional adoption. Currently, regulatory bills have been introduced separately in both chambers of the U.S. Congress: the Senate's GENIUS Act calls for federal oversight of stablecoins with market capitalizations exceeding $10 billion, allowing states to regulate as long as they comply with federal rules; the House's STABLE Act favors unconditional state-level regulation.
S&P expects that once a regulatory framework is established, users will shift from unregulated stablecoins to regulated ones, reshaping the industry landscape and helping users in emerging markets avoid risks associated with local currency instability.
