The GENIUS Act establishes strict guidelines for stablecoins, ensuring they are backed by high-quality assets for one-to-one redemption with U.S. dollars, fundamentally reshaping the payment ecosystem. By addressing trust issues through reserve rules and audits, the Act empowers businesses to embrace stablecoins as a valid alternative to traditional payment methods.
Stablecoins can drastically reduce transaction costs and times by enabling instant settlement, making payments accessible to anyone with internet access. This regulatory framework opens doors to innovative financial services and programming capabilities, enticing companies to consider stablecoins as a cornerstone of their operations. The approach also emphasizes the need for businesses to evaluate stablecoin projects for safety and utility while leveraging the potential earnings from user adoption, marking a shift in the competitive financial landscape.
👉 Pročitaj original: MIT Sloan Management Review
