Stablecoin Giant Tether Is the ‘Genius Act’s Big Loser - WSJ
1. The Genius Act regulates stablecoins, impacting issuer compliance requirements. 2. Tether, dominating the stablecoin market, may face operational challenges in the U.S. 3. Walmart and banks are exploring stablecoin issuance amid new legislation. 4. Circle, Tether's competitor, could benefit significantly from the Genius Act. 5. Legislation aims to bring stability and oversight to cryptocurrency transactions.