📣 Attention crypto enthusiasts! A new bill in the US Senate could "encourage" banks to enter the stablecoin market, according to S&P Global Ratings. The Lummis-Gillibrand Payment Stablecoin Act proposes limiting the issuance of stablecoins to $10 billion for non-banking firms, which could affect issuers like Tether. Additionally, “unbacked” algorithmically stablecoins would be banned. Do you think this will benefit banks and hurt non-banks? Comment below! 💬👇