S& P Global Ratses said in a report on Wednesday that the lack of a stablecoin organization in the United States is one of the main obstacles to adoption.
“The lack of the organization is one of the main obstacles to the adoption of Stablecoin in the United States and the prevention of the adoption of the broader institutional institutions than Stablecoins,” said analysts, led by Mohamed Damac.
The S&P said it expects adoption as soon as the organization will be in place.
Stablecoins are encrypted currencies The value is associated with another origin, such as the US dollar or gold. It plays a major role in cryptocurrencies and is also used to transfer money internationally.
New rules to come. Senate Directing and creating the national innovation of the United States of Stablecoins The federal organization of Stablecoins is imposed with the maximum market for more than $ 10 billion with the possibility of the Islamic State if it is in line with federal rules. The law of the stable parliament calls for the Islamic State without any conditions.
The report said that some users are expected to move from the non -regulated stablecoins as soon as there is a framework, and this may change the industrial scene.
The authors wrote, “Stablecoins will play an increasingly important role in the chain transactions,” they protect users’ savings from “local cash instability in emerging markets” or to receive payments.
Wall Street Bank JPMORGAN (JPM) said that Tether, which issues the USDT driver, may face challenges from the proposed Stablecoin regulations, in a report last week.
Read more: Tether may have to sell some Bitcoin to comply with Stablecoin: Jpmorgan
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