Stablecoins 2.0: Comparing Blockchains for the ‘Steady Coins’ of a New Era
In 2025, the signing of the federal GENIUS Act by President Donald Trump marked a significant milestone in the regulation of stablecoins, signaling a transformative moment for the United States crypto market. Nomy Research delves into the global competition vying for dominance in the next generation of stablecoins.
Stablecoins on the Global Stage
China: Against the backdrop of stringent stablecoin regulations, China is exploring the creation of a yuan-pegged stablecoin to challenge the supremacy of USD-pegged cryptocurrencies. Industry experts believe China’s fintech expertise positions it strongly to shape the future of blockchain-based payments.
European Union: The EU’s Markets in Crypto-Assets (MiCA) regulations impose strict requirements on stablecoin issuers, including licensing, reserve disclosure, and transaction volume limits, ensuring stability and oversight in the European market.
United Kingdom: The UK is devising a dual regulatory framework for stablecoins, with the Financial Conduct Authority (FCA) overseeing provider registration and the Bank of England focusing on systemically important tokens. Plans for a potential digital pound are being considered, subject to viability.
The Rise of Passive Income with Stablecoins
As global regulations surrounding stablecoins become more defined, opportunities for generating passive income from these assets are expanding. Stablecoins present a secure avenue for earning yields, particularly through innovative decentralized finance (DeFi) platforms like Nomy Finance, which offer staking and lending programs for stablecoin holders.
Comparing Blockchains for Stablecoins 2.0
Key blockchain contenders shaping the future of stablecoins include Ethereum, Solana, BNB Chain, Tron, and Avalanche. Each blockchain platform offers unique advantages in terms of scalability, transaction costs, speed, and ecosystem attractiveness, laying the groundwork for the next era of stablecoins.
Conclusion
The implementation of the GENIUS Act heralds a new era for stablecoins, driving institutional adoption and global connectivity. As regulatory frameworks evolve worldwide, the stablecoin landscape will witness technological advancements, regulatory clarity, and user-centric innovations, paving the way for a dynamic and progressive market.
