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The competitive landscape of stablecoins is projected to expand, with multiple players such as USDC, RL USD, and PayPal's stablecoin vying for market share. This competition could enhance consumer choice and lower costs, signaling a shift in the traditional financial ecosystem.
Regulatory Landscape
As the bill progresses, the stipulations surrounding the compliance of stablecoins are drawing attention. Analysts note that strict regulations could pressure firms like Tether, prompting them to align with American regulatory requirements or risk losing their market foothold. The bill could also potentially disadvantage unauthorized stablecoin issuers.