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The proposed STABLE Act could significantly benefit regulated financial and crypto firms like Coinbase, PayPal, and BlackRock, according to a Nansen report. The legislation’s strict licensing and reserve requirements favor established players already aligned with US compliance standards. Decentralized stablecoins, however, may face challenges under the new framework.
- The STABLE Act’s regulatory framework favors established firms like Coinbase, PayPal, and BlackRock, while disadvantaging decentralized stablecoins.
- Compliant stablecoins like USDC could see increased adoption in payments, B2B transactions, and custody services under the new rules.
- Decentralized finance (DeFi) protocols may need to adapt by geofencing non-compliant assets or prioritizing regulated stablecoins.
📎 Related coverage from: cryptoslate.com
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