Corporate Stablecoin Adoption Set to Surge as U.S. Senate Approves Regulatory Framework
The U.S. Senate has passed a bill that could significantly shape the future of stablecoins, marking a major milestone in the regulation of digital assets. The bill, known as the GENIUS Act, aims to establish clear rules for stablecoin issuance, requiring them to be backed by liquid assets and for issuers to disclose their reserves monthly. With this legislative clarity, analysts anticipate a wave of stablecoin adoption by global corporations across banking, retail, and financial technology sectors.
The bill now awaits approval from the Republican-led House of Representatives before being sent to President Donald Trump for final sign-off. If enacted, the new law would provide a trusted framework that could accelerate stablecoin integration into corporate finance strategies, particularly in areas like payments and international transactions. Companies have long sought regulatory certainty to move forward with blockchain-based financial tools, and this legislation could provide just that.
Several major U.S. banks are already exploring stablecoin initiatives. Bank of America has indicated possible future launches, while Morgan Stanley is engaging regulators to assess how it can facilitate crypto transactions. Outside of banking, French institution Société Générale is planning a publicly tradable, dollar-backed stablecoin, and Spanish bank Banco Santander is reportedly exploring digital asset expansion.
Retail and tech giants are also entering the arena. Amazon and Walmart have both examined the potential of launching stablecoins, although Walmart stated it currently has no active plans. Meanwhile, companies like PayPal and Circle Internet have already launched widely-used dollar-backed stablecoins. Circle’s USDC and PayPal’s coin are among the most prominent in circulation today.
On the crypto-native front, companies like Paxos, Tether, and MakerDAO continue to lead with established stablecoins such as USDT, USDP, and DAI. President Trump’s own crypto venture, World Liberty Financial, launched its USD1 token earlier this year. With the GENIUS Act poised to bring oversight and transparency to the sector, stablecoins are rapidly evolving from niche financial instruments to a cornerstone of corporate finance.
Source: Reuters