Genius ban won’t stop institutions from seeking stablecoin yield — ex-Standard Chartered exec

The US GENIUS Act is likely to boost adoption of stablecoins but may unintentionally push funds into the tokenization market. Institutions would seek compliant ways to earn yields amidst a ban on yield-bearing stablecoins, fostering a demand for high-quality, risk-free assets.

According to Will Beeson from Uniform Labs, the market for tokenization could witness substantial growth, expanding beyond private credit and government bonds. The growing demand for fluid asset movement might alter how institutions manage non-interest-bearing stablecoins.