BlackRock Backs Stablecoins as Pillars of the Future Financial System

BlackRock, the world’s largest asset manager, has declared that stablecoins—when governed by clear U.S. regulations—are poised to become essential tools in the future of global finance. The firm praised the recently enacted GENIUS Act, calling it a game-changer that legitimizes stablecoins as reliable digital payment instruments rather than speculative assets.

The GENIUS Act provides the first comprehensive U.S. legal framework for stablecoins. Under the new law, only federally regulated banks and licensed entities can issue stablecoins, which must be fully backed by short-term, high-quality assets like U.S. Treasury bills. Issuers are also prohibited from paying interest, separating stablecoins from traditional interest-bearing accounts and reinforcing their role as payment tools.

According to BlackRock, this regulatory clarity could help stablecoins evolve into a trusted infrastructure for global transactions—particularly in emerging economies with limited access to dollars. With faster, cheaper, and more stable digital dollar transfers, stablecoins could boost financial inclusion while reinforcing the U.S. dollar’s global dominance.

The firm also highlighted a likely rise in demand for U.S. Treasuries, as stablecoin reserves must be held in ultra-liquid instruments. With current stablecoin supply already topping $250 billion, BlackRock sees long-term growth as inevitable—especially now that stablecoins are backed by regulatory certainty.

Ultimately, BlackRock views stablecoins not as speculative crypto assets, but as critical building blocks of a modern, tokenized economy. With strong oversight and dollar backing, they could redefine how money moves—powering payments, trade, and finance in a digitally connected world.