GENIUS Act to spark wave of ‘killer apps’ and new payment services: Sygnum
Sygnum’s Fabian Dori says the GENIUS Act brings the U.S. closer to global consensus on stablecoin regulation, paving the way for real-world use cases.
The GENIUS Act is poised to change the stablecoin landscape by steering issuers away from yield-based models and toward payment-focused use cases, according to Sygnum chief investment officer Fabian Dori.
“The GENIUS Act was recently amended to create a clear separation between interest/yield-bearing stablecoins and those used for payments,” Dori told Cointelegraph. He said this brings the US framework closer to the EU’s Markets in Crypto-Assets (MiCA) regulation, laying the foundation for “global consensus.”
Dori added that the real impact of the GENIUS Act goes beyond regulation. “By providing long-sought-after clarity, it gives confidence to organizations and issuers to develop original, innovative ‘killer apps’ that don’t just serve their customers’ current needs, but create demand for entirely new services, including payments,” he said.
