Global asset manager WisdomTree has entered the full-stack stablecoin space following the passage of the US GENIUS Act, aiming to strengthen digital dollar infrastructure for its onchain financial products. WisdomTree’s US dollar-backed stablecoin, USDW, is a key component of its integrated strategy to serve both retail and institutional users, according to Will Peck, head of…
The GENIUS Act contains a little-noticed clause that prevents technology giants and Wall Street behemoths from dominating the stablecoin market, according to Circle Chief Strategy Officer Dante Disparte. “The GENIUS Act has what I’d like to call — just for my own legacy sake — a Libra clause,” Disparte told the Unchained podcast on Saturday….
European asset manager Amundi believes that the US GENIUS Act could trigger a surge in dollar-backed stablecoins, potentially causing unintended consequences for the global payment system, and even threatening the long-term dominance of the greenback itself. “It could be genius, or it could be evil, said Vincent Mortier, Amundi’s chief investment officer, in a recent…