Samp;P Global: If the Stablecoin Bill is passed, it will give banks a competitive advantage
Ratings agency S&P Global Ratings said the latest stablecoin bill proposed by the U.S. Senate, if passed, could encourage banks to enter the stablecoin market. When banks enter the market, Tether may decline. S&P Global said that if the new legislation is passed, it will limit the maximum issuance amount of entities without banking licenses to US$10 billion, thus giving banks a competitive advantage.
Release time
2024-04-24 18:06:31