Coinbase could be a big winner under STABLE Act: Nansen

The next law on the United States obliges complete reserves, which will likely benefit from stable transmitters compliant as Coinbase.

The United States regulations are about to have a significant impact on transmitters. Friday, April 17, Nansen published a report highlighting the potential winners of the stable law. According to the report, compliant transmitters like Coinbase, Paypal and Visa will probably be the largest beneficiaries.

The stable act, who has passed The Financial Services Committee of the Chamber of the United States on April 2, ensures complete regulation for stablescoins. Its objectives are to protect holders, ensure transparency of issuers and strengthen the role of the US dollar.

Some of its provisions oblige complete reservations in cash or American treasury bills, while prohibiting payments of interest to holders. At the same time, stablecoin issuers must be approved banks, approved state trusts or companies regulated by the American Currency Controller.

Coinbase, visa and paypal to benefit from the stable act

These provisions suggest that if the stable act passes, the entities have already focused on compliance to win the most. The largest likely winner of them is Coinbase, an important distributor of the Stablecoin USDC de Circle.

The USDC is already aligned with what American regulators are looking for. In addition, Circle focuses on transparency and has succeeded in the strict EU mica regulation test. For this reason, it is Dominates the stable from Euro emission.

Paypal is another potential winner. He Pyusd issued In partnership with Paxos. While Paypal is a large player in digital payments, Pyusd currently controls only 0.38% of the market share of Stablescoin. However, with the stable act in force, Paypal could take advantage of Pyusd in its wider suite of services.

The other winners include giants of the Visa and Mastercard credit card. These companies already experience stablecoins and visa even USDC tested For card colonies. In the future, these companies could integrate stablecoins into their basic services.

Especially absent from the report is USD1, a stablecoin recently issued by the world linked to Trump Liberty Financial. Although it meets the criteria that Nansen has chosen for probable winners, he is not attached to a strong ecosystem like Coinbase, Paypal and even Visa.