US, EU Regulate Stablecoins as Big Firms Adopt
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- GENIUS Act – The U.S. Senate passed the Guiding and Establishing National Innovation for US Stablecoins Act, establishing issuance, usage, and reporting rules for stablecoins.
- MiCA – The EU’s Markets in Crypto‑Assets framework restricts e‑money token issuance to e‑money or credit institutions and limits asset‑referenced token issuance to EU‑based, regulator‑authorized entities.
- JP Morgan – The bank forecasts the global stablecoin market could reach $500 billion by 2028, while Standard Chartered projects $2 trillion by the same year.
- Amazon Web Services – AWS launched Bedrock AgentCore Payments, enabling AI agents to make instant payments with USD Coin (USDC) through a partnership with Coinbase and Stripe.
- BlackRock – The asset manager plans to launch two money‑market funds tailored for stablecoin users.
Why it matters: Banks, asset managers and fintechs gain access to a market projected to hit $500 bn–$2 tn by 2028, unlocking new digital‑dollar services and reducing reliance on volatile crypto.
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