After the GENIUS Act in the US, it looks like we’re entering a stablecoin boom. The rules are finally clear, and that could push stablecoins into a whole new phase, call it Stablecoin boom.
JPMorgan CEO Jamie Dimon said he doesn’t understand the appeal of stablecoins, but at the same time he can’t afford to stay on the sidelines, fearing to lose ground to fintech players. This statement highlights that among the US economic elite it’s simply unacceptable to miss the stablecoin trend. According to CNBC, Citi and Bank of America are also exploring plans to issue stablecoins. Amazon and Walmart are likewise considering launching their own stablecoins.
The big question: which blockchains fit this new era? Governments (CBDCs) will likely choose permissioned or hybrid chains to keep maximum control. Banks need networks that integrate with SWIFT/ISO20022 and support multi-currency cross-border payments. Businesses and retail care more about speed, low fees, and large ecosystems where stablecoins can move easily.
With regulation coming fast worldwide, the competition between blockchains could define the next decade of crypto. Which chains do you see becoming the backbone of the stablecoin boom?
