According to Odaily Planet Daily, rating agency Standard & Poor's Global Ratings said that if the latest stablecoin bill proposed by the US Senate is passed, it may encourage banks to enter the stablecoin market. When banks enter the market, Tether may decline. S&P Global said that if the new legislation is passed, it will limit the maximum issuance amount of entities without banking licenses to US$10 billion, thereby giving banks a competitive advantage.