Stablecoins: Who Benefits from the Stable Act

Nansen is out with a report on the Stable Act, the legislation that creates a regulatory environment for fiat based stablecoins, and who is most likely to benefit. The report notes that yield-bearing, decentralized offerings will be no more as the digital dollar must be full reserve assets issued by licensed firms. Currently, Tether (USDT) and Circle (USDC) are the top providers of digital dollars. Circle is based in the US, but Tether recently moved