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Jack McDonald, SVP of Stablecoins at Ripple, said the newly signed GENIUS Act is a “huge win” that clarifies stablecoin infrastructure—backing, audits, AML—but cautioned that launching one isn’t like a consumer app.
Issuers must treat stablecoins as a serious form of financial infrastructure with clear, auditable reserves.
McDonald warned emerging “walled‑garden” tokens may offer limited use unless they prioritize responsibility and liquidity standards.
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