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BitJungle: Key Vote in U.S. Senate Tomorrow! Stablecoin Regulatory Framework on the Brink

The U.S. Senate will hold a final vote on the "GENIUS Stablecoin Act" tomorrow (June 17, Tuesday). This vote will determine whether to pass the revised bill, establishing the first federal regulatory framework for stablecoins in the U.S.

The voting follows a crucial procedural vote last Wednesday (June 11), where the Senate overwhelmingly passed a motion to "end debate" with a vote of 68 to 30, paving the way for the final vote and showing a degree of bipartisan support. Before the vote, the bill had incorporated several amendments, one of which aims to prevent elected officials and their relatives from profiting through connections in the cryptocurrency industry.

If the bill is passed, it will set clear rules for stablecoins pegged to assets like the U.S. dollar. This move comes as many large companies are considering issuing their own stablecoins, creating urgent regulatory demands.
However, support is not unanimous. Republican Senator Josh Hawley has explicitly stated his opposition, claiming the amendments are a "huge concession" to "big tech companies."

Meanwhile, the House of Representatives is also advancing its digital asset regulatory agenda. Last Tuesday (June 10), a House committee passed the "Digital Asset Market Clarification Act" (CLARITY Act), which aims to clarify the regulatory responsibilities of the SEC and CFTC regarding digital assets, and the bill is awaiting a full vote.

Due to the narrow Republican majority in both chambers, it remains uncertain whether the "GENIUS Act" will pass in the Senate tomorrow, and whether the subsequent bills in both chambers can garner enough bipartisan support to ultimately become law. The cryptocurrency industry is holding its breath for the outcome of tomorrow's vote.

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In the top 12 of the price increase list for $MKR $RESOLV $USDC $LQTY, 4 are stablecoins. Along with the well-performing $CRV and the emerging $ena, I have always believed that the two essential sectors in this bull market for altcoins are stablecoins and DeFi. Simply put, one is the entry and exit of funds, and the other is the funding pool, with a strong capital-absorbing ability sufficient to support a large market value!

Of course, the same reasoning applies to CEX and DEX sectors, but CEX has already become the mainstream standard for large funds; while DEX, due to its divergence from regulation, cannot deny its strength, but the path is not as stable as the former.

Moreover, I personally believe that the potential for price increases in stablecoins may surpass that of DeFi—the leading projects in the DeFi sector have mostly surfaced, and there is not much surprise left, while in the stablecoin sector, the big players are still competing to position themselves, and there is currently no absolute leader, which means opportunity!

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So impressive, the first, second, and third places are all stablecoins, and it's during a $BTC pullback!

#mkr #稳定币

The USD1 stablecoin, publicly supported by U.S. President Donald Trump, has officially been deployed on the TRON blockchain. This stablecoin project is led by the fintech company WLFI, with its biggest highlight being Trump's political endorsement.

The launch of USD1 comes at a time when competition in the global stablecoin market is intensifying, currently dominated by two giants: USDT and USDC. Analysts believe that Trump's endorsement may bring additional market attention to USD1, especially among his supporter base. However, whether this stablecoin can truly disrupt the existing landscape will still depend on its actual use cases, liquidity, and progress in regulatory compliance.

TRON has become a popular choice for stablecoin issuance due to its high throughput and low transaction costs. The addition of USD1 will further enrich the TRON ecosystem while possibly intensifying competition among on-chain stablecoins. The market will closely monitor the subsequent developments of this project, including adoption rates, partnerships, and whether it can achieve large-scale applications in DeFi, payments, and other scenarios.

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$USD1 $TRX

Even getting a stablecoin, you still lose 8 dollars... #USDT #USDC #稳定币 #以色列伊朗冲突

On June 12, Ant Group's Ant Digital Technology has started the application for a stablecoin license in Hong Kong, and it has already had multiple rounds of communication with regulators.

Leveraging Ant Group's strong e-commerce, payment, and other business sectors, the layout of stablecoins will undoubtedly further enhance its competitiveness.

Although countries are gradually improving regulations related to stablecoins, the uncertainty and diversity of regulation remain the main challenges Ant will face.

#稳定币 #香港推出稳定币

The future of stablecoins does not depend on what they are pegged to, but on whether settlements can be cleared in real-time and comply with regulations.

#稳定币 #监管改革

Ant Group and its affiliated entities are applying for stablecoin licenses in places like Hong Kong and Singapore. Some are preparing, some have already started the application process and are in communication with regulators, waiting for the relevant systems in Hong Kong to take effect in August to move forward. The goal is to expand blockchain and other businesses and support financial development.

The Hong Kong Legislative Council has passed the "Stablecoin Regulation Draft", which will take effect on August 1. This indicates that the stablecoin industry is beginning to be regulated and will no longer be in a state of no oversight as it was before; in the future, everything must follow the rules. This will create a safer and more orderly environment for the cryptocurrency space, and global regulation of virtual currencies is becoming stricter.

Ant Group has many users, wealth, and technology. Once it enters the stablecoin field, it will combine AI and blockchain technologies with stablecoins, potentially developing many new financial services, such as making cross-border payments more convenient, cost-effective, and efficient, bringing new development opportunities to the cryptocurrency space.

With such a large company entering the market, it will certainly attract more investors, institutions, and talent to pay attention to the cryptocurrency space, bringing more capital and resources, making the development of the cryptocurrency market more lively. Currently, USDT dominates the stablecoin market, but with Ant Group's entry, competition will undoubtedly become more intense. With its advantages, it may capture market share in areas like cross-border payments. Other issuers will also need to improve their products and services to avoid falling behind. Not only stablecoin issuers, but companies providing technology, compliance services, and trading platforms in the cryptocurrency ecosystem will also face intensified competition in the future.

In fact, Hong Kong's various operations also reflect China's attitude towards the cryptocurrency market. The cryptocurrency market is uncontrollable, which is why it has been banned domestically. If it gradually moves towards regulation and stablecoin shares can be controlled by China, I believe the gradual opening will become closer and closer.
#BTC #稳定币 #币安Alpha上新

Mr. Ma has taken action. Following JD.com, another Chinese internet giant enters the stablecoin market.

According to reports, Ant Group plans to apply for a stablecoin license in Singapore and Hong Kong.

#稳定币 #Stablecoins

Interest in Stablecoins Among Executives of Fortune 500 Companies Reaches All-Time High

With the booming cryptocurrency market, interest in stablecoins among American companies is rapidly increasing. Recent research shows that the percentage of executives interested in stablecoins among the global Fortune 500 companies surged from 8% in 2024 to 29% this year, more than tripling compared to a year ago. Small businesses are also following suit, as stablecoins are becoming a hot topic of discussion in boardrooms.

Research indicates that large enterprises have shown a significant increase in interest in stablecoins. Coinbase's latest report states that 29% of surveyed executives expressed interest in stablecoin partnerships, a substantial rise from last year's 8%. However, only 7% of companies are currently using or holding stablecoins, indicating that most businesses are still in the exploratory phase. The inefficiency and high costs of bank transfers are prompting these companies to seek better alternatives.

Small businesses are also following this trend. The same study shows that among 251 small and medium-sized enterprise financial decision-makers, 81% are interested in stablecoins, up from 61% last year. Nearly half expect to use cryptocurrencies in the next three years, and 82% believe cryptocurrencies can address real cost or cash flow issues. Whether it's reducing payment fees or speeding up cross-border transfers, these provide compelling reasons for small businesses to experiment.

Meanwhile, in 2024, the monthly transfer volume of stablecoins exceeded $710 billion twice, with total annual transactions surpassing $27 trillion, even 8% higher than the combined total of Visa and Mastercard. By May 2025, the number of stablecoin holders had exceeded 160 million.

Large enterprises are accelerating their exploration of stablecoins. On May 14, a Fireblocks report indicated that 90% of institutional participants are exploring the use of stablecoins for instant remittances and improving payroll efficiency. On June 5, Uber CEO Dara Khosrowshahi stated that Uber is researching stablecoin payments to reduce costs and enhance fund transfer efficiency.

In summary, from large enterprises to small businesses, an increasing number of companies are rapidly recognizing the potential value of stablecoins, marking them as a new trend in the business landscape of the United States and even globally.

What are your thoughts on the increasing interest of companies in stablecoins? What opportunities and challenges do you think stablecoins will face in future business?

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