The Next Chapter of Stablecoins: Regulation, Compliance, and InnovationIf the first half of the stablecoin race was marked by "wild growth," the second half may be reshaped by three key variables: regulatory clarity, compliance pathways for major players, and market innovation. First, global regulatory frameworks—from Europe’s MiCA to the U.S. GENIUS Act—are transitioning from ambiguity to clarity, defining the rules of the game. Against this backdrop, Circle’s IPO debut (which surged nearly ...