US stablecoin rules split global liquidity with Europe, CertiK warns
NegativeCryptocurrency
- US stablecoin regulations under the GENIUS Act are causing a division in global liquidity, particularly impacting the relationship between the US and Europe, as highlighted by CertiK. This fragmentation is leading to the emergence of regional markets and potential cross-border tensions.
- The implications of these regulations are significant for the cryptocurrency sector, as they may hinder the seamless flow of capital and innovation, affecting businesses and investors who rely on stablecoins for transactions and investments.
- This development reflects a broader trend of regulatory divergence in the cryptocurrency landscape, with institutions like the Basel Committee reassessing their approaches to crypto capital rules amid rising stablecoin adoption. Additionally, banks like HSBC are adapting by launching tokenized deposits, indicating a competitive race in the stablecoin market.
— via World Pulse Now AI Editorial System
