U.S. Banks Poised to Enter Stablecoin Market Following GENIUS Act Passage

The U.S. Senate's approval of the GENIUS Act establishes the first comprehensive regulatory framework for stablecoins, paving the way for widespread bank participation. Guillaume Poncin, CTO of Alchemy, anticipates every major U.S. bank will issue proprietary stablecoins and operate blockchain infrastructure. This legislative clarity removes longstanding institutional hesitancy, unlocking revenue streams through instant settlement, 24/7 availability, and programmable money capabilities.

Traditional financial institutions now face strategic decisions regarding blockchain infrastructure adoption. While incumbents like Circle and Tether maintain niche positions, bank-issued stablecoins will leverage institutional trust to capture market share. The regulatory certainty accelerates blockchain integration across payment systems and treasury operations.