Catenaa, Friday, February 21, 2025 – The United States is edging closer to stablecoin regulations, with lawmakers refining key legislative proposals aimed at clarifying the digital asset market. S&P Global Ratings warns that without clear rules, institutional adoption will continue to lag.
The full report can be seen here.
The stablecoin market has surged from $160 billion to $230 billion in six months, underscoring the need for oversight. Three bills—the Clarity for Payment Stablecoins Act, the Lummis-Gillibrand Payment Stablecoin Act, and the GENIUS Act—propose strict reserve requirements and regulatory frameworks to enhance transparency and consumer protection.
S&P noted that Europe’s MiCA regulations already give EU firms an advantage in digital finance. The U.S. must act swiftly to maintain leadership, as lawmakers debate state versus federal oversight and potential restrictions on algorithmic stablecoins.
With bipartisan negotiations underway, the coming months could determine whether stablecoins integrate into mainstream finance or face further uncertainty.
