US Stablecoin Bill to pave way for crypto’s mainstream adoption: Exchanges

Sumit Gupta, co-founder of CoinDCX said by creating a clear regulatory framework for dollar-pegged stablecoins, including issuer licensing, 1:1 fiat reserves, and shared federal-state oversight, the US has signalled its intent to lead in responsible digital innovation. “This move sets a strong global precedent. As India continues to grow as a Web3 innovator, the GENIUS Act offers a timely reference point. It presents an opportunity for Indian policymakers to reflect on how global regulatory approaches are evolving and to thoughtfully consider the associated risks, opportunities, and long-term implications,” he said.

 According to crypto exchanges, US-based stablecoins to gain market share and deeper institutional use. “While it tightens the noose around offshore issuers like Tether, it creates fertile ground for compliant players like USDC, PayPal USD, and bank-issued tokens. Tether’s exclusion from US financial rails could lead to a reshuffle in stablecoin dominance,” said Himanshu Maradiya, Founder & Chairman, CIFDAQ.