The Death of "Dumb Money": Why Stablecoins Are Finally Getting Smart

Stablecoins are evolving from simple value transfers to programmable assets with built-in compliance. New regulations (GENIUS Act, MiCA) treat them as digital money, not a separate asset class. Tokenized bank deposits from players like JPMorgan blur the line further. The result: settlement infrastructure that carries context, enforces rules across jurisdictions, and opens doors for automated treasury, conditional payments, and machine-to-machine transactions.