Jack McDonald, senior vice president of stablecoins at Ripple, stated that institutional investors have remained on the sidelines of the stablecoin market, waiting for stronger regulatory oversight before participating

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Jack McDonald, Ripple’s stablecoin lead, described the dual regulatory approach as setting “a new bar for transparency and compliance in the stablecoin market

While individual investors, high-net-worth individuals and crypto-native companies have fueled the initial growth of stablecoins, deep-pocketed investment firms and other institutions have been waiting until the market came under greater regulatory oversight before entering the fray, McDonald said.