Stablecoins are undergoing a transformation, moving from basic payment channels to yield-generating, user-focused financial tools, as per STBL CEO Bundeep Singh Rangar. This shift may challenge the dominance of early centralized models and present new concerns for global regulators. Rangar highlighted how consumers now desire to earn returns from their assets, enabled by tokenized RWA infrastructure, surpassing the traditional Tether model. This shift is occurring within a rapidly expanding $246 billion market, where stablecoins are increasingly vital for cross-border transactions, decentralized finance (DeFi), and boosting financial access. The U.S. GENIUS Act, the primary federal regulation on stablecoins, and Europe's MiCA framework will impact adoption, despite facing hurdles. Rangar hailed the GENIUS Act as a significant development, although it falls short compared to the EU and UAE standards. For further details, visit Benzinga.com.