U.S. Genius Act Sparks Corporate Stablecoin Adoption, Visa Leads Cross-Border Payments
The U.S. Genius Act has spurred large corporations to adopt digital tokens, thanks to clear regulatory guidelines for stablecoin issuers. This move could revolutionize cross-border payments, with Visa leading the charge through a stablecoin pilot program.
The Genius Act, passed in the U.S., has brought regulatory clarity to stablecoins. These digital assets, like tether (USDT) or USD coin (USDC), maintain a steady value, typically pegged to traditional assets like the U.S. dollar. The act requires issuers to fully back their coins with real assets, share monthly reports, and prioritize users in case of trouble.
Visa has launched a pilot program to use stablecoins for international payment processing. The project, involving selected partners, aims to expand by April 2026 before a broader market launch. This system allows banks, remittance companies, and other financial institutions to fund accounts using stablecoins instead of conventional currencies, speeding up transactions and reducing the need for companies to hold cash in multiple currencies.
OKX has already enabled stablecoin payments at GrabPay merchants in Singapore. Meanwhile, retail giants like Walmart and Amazon are reportedly considering their own stablecoin initiatives, attracted by the regulatory clarity provided by the GENIUS Act.
The U.S. Genius Act has opened the door for large companies to adopt stablecoins, with Visa's stablecoin pilot program leading the way in cross-border payments. As regulatory clarity continues, more corporations are expected to explore stablecoin initiatives, potentially transforming international commerce.
