Coinbase’s Glorious Future Under the STABLE Act: Here’s What’s Coming!

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The STABLE Act, that majestic new law promising full reserves, could very well turn out to be a jackpot for compliant stablecoin issuers like Coinbase. Yes, you read that right. The STABLE Act, with all its grandiose goals, might just be a sweet deal for those who follow the rules, such as Coinbase and its delightful stablecoin friends. But who exactly benefits? Let’s dig in. Spoiler: It’s not everyone. 😜

On the 17th of April, Nansen released a report that pretty much has the crypto world buzzing like a bee in a jar. The report details how the STABLE Act might just bless compliant issuers like Coinbase, PayPal, and Visa with the kind of riches that only regulation could deliver. Ah, the sweet scent of compliance… And regulation… How charming. 🙄

Now, what is this STABLE Act exactly? Well, it passed the U.S. House Financial Services Committee on April 2, and it’s not just any piece of paper. It’s the regulation to end all stablecoin regulations, and it’s packed with provisions aimed at securing the future of stablecoins. Full reserves, transparency, and, of course, ensuring the dollar continues its reign like the financial king it is. 🏰

Here’s the fun part: stablecoin issuers will need to keep their reserves in cash or U.S. Treasuries, with absolutely no interest payments to holders (because who doesn’t love a good financial surprise, right?). To make things even more thrilling, stablecoin issuers must now be licensed banks, state-approved trusts, or companies regulated by the U.S. Office of the Comptroller of the Currency. Aaaaand cue the paperwork. 📑😬

Coinbase, Visa, and PayPal to Wipe the Floor with the Competition Thanks to the STABLE Act

For all the crypto cowboys out there, you might want to sit down for this next bit. The big winners? Well, let’s start with Coinbase—an old hat at this game and a major distributor of Circle’s USDC stablecoin. They’ve already checked the regulatory boxes and passed the EU’s MiCA regulation. Who’s the new sheriff in town? It’s USDC, baby, taking the crown. 👑

Now, don’t forget PayPal, which has entered the game with PYUSD. Sure, PYUSD currently holds a tiny 0.38% of the stablecoin market (blink and you miss it!), but once the STABLE Act is in place, PayPal could roll out PYUSD across its global empire of services. 🤑 PayPal’s got the reach, and now it might just have the stablecoin game in its pocket too. Grab your popcorn, folks.

And who could forget the credit card overlords, Visa and Mastercard? These giants are already dipping their toes into stablecoins, with Visa testing USDC for card settlements. So what’s next? These companies could soon be embracing stablecoins like an old friend they never knew they needed. 💳

But hold your horses—there’s one stablecoin you won’t see listed here. USD1, the brainchild of Trump-linked World Liberty Financial, seems to miss the mark. Sure, it fits the criteria, but it’s not tied to a powerhouse like Coinbase, PayPal, or Visa. So, it’s more of a “nice try” than a contender in this race. 👋

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2025-04-18 16:49