The title of the article should be "Coinbase, PayPal, and Visa to benefit from the STABLE Act"

This upcoming U.S. STABLE Act mandates full reserves, which will likely benefit compliant stablecoin issuers like Coinbase.

The U.S. House Financial Services Committee has passed the STABLE Act, which provides a legal framework for stablecoins in the U.S. The goal is to protect coin holders, ensure transparency from issuers, and strengthen the role of the U.S. dollar.

Some of its provisions mandate full reserves in cash or U.S. Treasuries, and it also prohibits interest payments to holders. At the same time, stablecoin issuers must be licensed banks, approved state trusts, or companies regulated by the U.S. Office of the Comptroller of the Currency.

According to a recent report by blockchain analytics firm Nansen, these provisions suggest that if the STABLE Act passes, entities already focused on compliance stand to gain the most.

Among them, the biggest winner will likely be Coinbase (NASDAQ:COIN), a major distributor of Circle’s USDC stablecoin.

The USDC stablecoin is already closely aligned with what U.S. regulators are looking for. What is more, Circle is known for its transparency and has passed the test of the EU’s stringent MiCA regulation. As a result, USDC dominates Euro-based stablecoin issuance.

The STABLE Act provides a legal framework for stablecoins in the U.S. Its goal is to protect coin holders, ensure transparency from issuers, and strengthen the role of the U.S. dollar.

Some of its provisions mandate full reserves in cash or U.S. Treasuries, and it also prohibits interest payments to holders. At the same time, stablecoin issuers must be licensed banks, approved state trusts, or companies regulated by the U.S. Office of the Comptroller of the Currency.

According to a recent report by blockchain analytics firm Nansen, these provisions suggest that if the STABLE Act passes, entities already focused on compliance stand to gain the most.

Among them, the biggest winner will likely be Coinbase (NASDAQ:COIN), a major distributor of Circle’s USDC stablecoin.

The USDC stablecoin is already closely aligned with what U.S. regulators are looking for. What is more, Circle is known for its transparency and has passed the test of the EU’s stringent MiCA regulation. As a result, USDC dominates Euro-based stablecoin issuance.

According to the report, U.S. stablecoin regulation is poised to have a significant impact on issuers.

The report highlights the likely winners and losers of the new legislation. Among the biggest winners are compliant issuers such as Coinbase (NASDAQ:COIN), PayPal (NASDAQ:PYPL), and Visa (NYSE:V).

On April 2, the U.S. House Financial Services Committee passed the STABLE Act, which provides comprehensive regulation for stablecoins. The goal is to protect coin holders, ensure transparency from issuers, and strengthen the role of the U.S. dollar.

Some of its provisions mandate full reserves in cash or U.S. Treasuries, and it also prohibits interest payments to holders. At the same time, stablecoin issuers must be licensed banks, approved state trusts, or companies regulated by the U.S. Office of the Comptroller of the Currency.

According to a recent report by blockchain analytics firm Nansen, these provisions suggest that if the STABLE Act passes, entities already focused on compliance stand to gain the most.

Among them, the biggest winner will likely be Coinbase (NASDAQ:COIN), a major distributor of Circle’s USDC stablecoin.

The USDC stablecoin is already closely aligned with what U.S. regulators are looking for. What is more, Circle is known for its transparency and has passed the test of the EU’s stringent MiCA regulation. As a result, USDC dominates Euro-based stablecoin issuance.