According to Coindesk, Standard & Poor's Global Ratings said in a report on Wednesday that the lack of regulation of stablecoins in the United States is one of the main obstacles to the adoption of the currency. Analysts led by Mohamed Damak pointed out that the lack of regulation is one of the main obstacles to the adoption of stablecoins in the United States and hinders the wider institutional adoption of stablecoins. Stablecoins will play an increasingly important role in on-chain transactions. Adoption is expected to increase once regulation is in place.