New laws around stablecoins are starting to gain traction in the U.S., and some of the country’s biggest companies are already getting involved.
Major banks like Bank of America and Morgan Stanley are testing stablecoin payments, and retailers like Walmart and Amazon are exploring the use of token-based systems. This marks a big shift for stablecoins like Tether (USDT), which could soon move from niche crypto circles into everyday business.
What’s changing in U.S. law
Lawmakers are working on a bill called the GENIUS Act (short for “Guaranteed Electronic Network for Issuers of U.S. Stablecoins”). It aims to create clear rules for how stablecoins should work in the U.S. financial system.
If passed, the law would:
- Require stablecoin issuers to hold full reserves (like cash or U.S. Treasury bonds)
- Set up a licensing system for companies like Tether
- Let certain banks issue their own stablecoins
- Increase oversight to protect consumers and businesses
These rules would help build trust among larger companies that want to use stablecoins but have been cautious due to the lack of regulation.
Why companies like Walmart and Amazon are interested
Stablecoins can make payments faster and cheaper, especially across borders. For big companies that deal with suppliers, logistics and customers all over the world, that’s a major advantage.
Tether (USDT), which is pegged to the U.S. dollar, is already widely used in crypto markets. Now, companies outside of crypto are starting to see its potential.
If Walmart or Amazon adds stablecoin options for suppliers or customers, it could speed up payments and reduce banking fees. For example, a supplier in Asia could get paid in USDT within minutes—no need to wait days for a wire transfer.
What banks are testing with stablecoins
Big U.S. banks are also experimenting. Bank of America and Morgan Stanley are running small pilots to see how stablecoins can help with internal transfers and cross-border settlements.
They aren’t using USDT yet, but interest in the stablecoin space as a whole benefits Tether. If banks support stablecoin payments, it’s likely USDT will be one of the accepted options due to its large market share and wide usage.
Banks want to cut costs and process payments more quickly – goals that align with what stablecoins offer.
What this means for USDT users
If these trends continue, USDT could become more useful in everyday life.
Right now, most people use USDT for trading or moving money between crypto exchanges. But with more companies and banks adopting stablecoins, users might one day be able to:
- Pay for online shopping with USDT
- Send money to friends and family abroad in seconds
- Use USDT at checkout without converting to fiat
It also adds a layer of trust. If regulated companies start using USDT, new users may feel more comfortable holding or spending it.
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Frequently asked questions
What is the GENIUS Act?
It’s a proposed U.S. law that would regulate stablecoins by setting rules for issuers, reserves and how coins can be used in finance.
Are big companies using USDT now?
Not yet. But they’re showing interest in stablecoins in general, which may include USDT in the future.
Is USDT safe to use?
USDT is backed by reserves and is widely used, but it’s still important to use trusted wallets and avoid scams.
