The GENIUS Act aims to reshape the stablecoin sector by promoting payment-oriented use cases over yield-based models, as stated by Sygnum's CIO, Fabian Dori. Recently amended, the Act distinguishes between interest-bearing stablecoins and those meant for transactions, potentially aligning U.S. regulation with European standards and fostering global consensus. This regulatory clarity could encourage innovation, leading to the development of original applications that drive new service demands. Companies like Mastercard and PayPal are already initiating compliant stablecoin services, while Amazon and Walmart explore payroll and cross-border payment applications. With competition heightened, issuers are expected to embrace features such as swift settlements and low fees. Additionally, growth in payment-focused stablecoin usage has been observed, evidenced by a 67% increase in Polygon's micropayment volume. The importance of retail adoption is highlighted, with Dori and others asserting that user-friendly solutions will facilitate stablecoin integration in commerce. This shift toward utility in stablecoins is viewed positively, as it addresses immediate market demands in areas like everyday transactions and cross-border transfers.

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