<ul data-eligibleForWebStory="true"><li>Stablecoins are gaining traction in the financial space, with institutions like Bank of America and DTCC looking into issuing their own stablecoins for enhanced settlement and asset movement.</li><li>Retailers such as Amazon and Walmart are also considering launching their native stablecoins, indicating a widespread interest in this space.</li><li>Wholesale stablecoins are seen as an evolution of traditional financial infrastructure, offering real-time settlement, smarter liquidity, and reduced market risk.</li><li>Questions arise about ecosystem control and interoperability as these stablecoins operate within closed networks and may lack integration with the broader token landscape.</li><li>Regulatory clarity is crucial for the future of stablecoins, with proposed legislation like the GENIUS Act aiming to establish guidelines for stablecoin issuers, auditing, and supervision.</li><li>The GENIUS Act could provide a framework for federally regulated stablecoin issuers to maintain reserves and promote partnerships between fintech firms and traditional institutions.</li></ul>

Are Closed-Loop Financial Instruments the Future of Institutional Stablecoins?

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