Canaccord: GENIUS Act could boost stablecoin adoption and strengthen dollar

Analysts at Canaccord Genuity, a global investment bank, stated that the passage of the GENIUS Act, which grants regulatory clarity to stablecoins, could expand their use beyond crypto trading and position them as a key driver in dollarizing the global economy, according to CoinDesk. The Act, with bipartisan support, recognizes compliant stablecoins as equivalent to cash, which could lead to wider adoption and strengthen the U.S. dollar.