S & P Global: If the stablecoin bill is passed, it will give banks a competitive advantage
2024-04-24 17:43:58
Rating agency Standard & Poor's Global Ratings said the latest stablecoin bill proposed by the U.S. Senate, if passed, could encourage banks to enter the stablecoin market. At that time, banks will enter the market, and Tether may decline. S & P Global said that if the new legislation is passed, it will limit the maximum issuance amount of entities without a banking license to 10 billion dollars, thus giving banks a competitive advantage.
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