稳定币立法

Stablecoin Bill Officially Lands, Dollar Digital Era Arrives

Highlights at a Glance
The US Congress has passed the 'GENIUS Act' and 'CLARITY Act', becoming the first federal-level #稳定币立法 , providing a clear regulatory framework for dollar-pegged digital assets.

OCC's latest interpretive letter confirms: US banks/federal savings institutions can legally conduct crypto asset custody, execution, and clearing businesses.

Policy Highlights

--- Stablecoin issuers must maintain a 1:1 reserve of high-quality liquid assets, such as US Treasury bonds and USD deposits; they are not allowed to issue interest-bearing stablecoins; funds must be managed separately and supervised by monthly auditing agencies.

--- Stablecoin issuers are considered financial institutions and must comply with the Bank Secrecy Act (BSA) and KYC/AML regulations; the CLARITY Act clarifies the SEC's regulatory boundaries, providing a basis for exchange and token classification.

Market Reaction

--- The market expects that small and medium-sized stablecoin projects will be squeezed or exit, and the first launch after the 'GENIUS Act' will involve mainstream institutions.
--- Bank of America expects that stablecoins will accelerate their integration with payment systems in the next three to five years, and smart contract networks represented by Ethereum are expected to benefit significantly.

Interpretation of Viewpoints

This is a truly fundamental institutional restructuring:
1️⃣ Stablecoins have risen to become the digital backbone of the dollar, and are expected to become core tools for cross-border payments and micro-payments;
2️⃣ Traditional financial giants such as JPMorgan, BNY, PayPal, and Visa will compete to achieve on-chain payment retention through stablecoins, and Crypto-native institutions such as Circle and Ripple cannot afford to be marginalized;
3️⃣ Investors should pay attention to compliant stablecoin projects that meet PPSI requirements. The compliance of on-chain protocols and cross-chain payment capabilities will become the focus of value.
In the next 3–5 years, the real bull market will be driven by rules, not speculation. Whoever can seize the opportunity where regulation and technology combine is likely to win the entry point to the next 'financial infrastructure'.

#稳定币立法
Follow for surprises

On May 21, 2025, the Hong Kong Monetary Authority's official website updated the "Stablecoin Issuers" special page, confirming that the "Stablecoin Bill" has entered the third reading stage of the Legislative Council. The first batch of sandbox participants (such as Standard Chartered Bank, JD Technology, Yuanbi Technology, etc.) have completed technical testing and will launch a compliant stablecoin pegged to the Hong Kong dollar 1:1 as early as the third quarter of 2025.

This move marks Hong Kong as the world's first financial center to include stablecoins in the statutory regulatory framework, setting the "Asian standard" for the Web3.0 era.

#稳定币立法

$BTC

$ETH

🔥Market Trends: The total market value of stablecoins increased slightly by 0.08%!

USDT market value remains at the forefront, with a market share of 69.65%! 🔥

The total market value of stablecoins increased slightly

Data snapshot on August 31:

Total market value changes: In the past week, the total market value of stablecoins increased by 0.08%.

Current total market value: US$169.707 billion.
USDT performance:

Total market value: remains unchanged, now US$118.199 billion.
Market share: As high as 69.65%, firmly in the forefront of the market.

#美国CPI数据连续第4个月回落
#美联储何时降息？
#稳定币立法
#USDT。
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#稳定币立法 GENIUS Stablecoin Bill Passed
Directly Benefits Stablecoin/Fixed Income Sector:
$CRV $PENDLE $FXS

@CurveFinance — Stablecoin Trading Market
@pendle_fi — Fixed Income Market
@fraxfinance — First Batch of GENIUS Compliant Payment Stablecoins

A frequently overlooked target is @ethena_labs, which had also focused on collateralized stablecoin USDtb, with a current scale of 1.4 billion USD.

Big news from Europe! Stablecoins are being "cleaned up"! Will digital currencies such as USDT be collectively removed from the shelves?

In 2019, the European Union proposed the Cryptocurrency Market Law "MiCA", which will officially take effect in July this year. This law has clear and strict regulatory systems for crypto exchanges and stablecoin issuers.

The negative impacts that may be caused at present are:

* Strict rules, exchanges or stablecoin issuers will face millions of euros in penalties if they violate them;

* USD stablecoin (USDT) is restricted;

* NFT is in a gray area and may be included in the regulation.

In response to the regulation, OKX, the world's second largest exchange, has removed USDT trading pairs in Europe. In fact, the EU's stablecoin market has already begun to build, such as EURC issued by USDC issuer Circle, EURT issued by Tether, and EURCV issued by Societe Generale.

The main reason why the EU considers this is that it is worried about what to do if the US dollar collapses? After all, USDT and USDC are both pegged to the US dollar. Once the US dollar fluctuates violently, it will have a huge impact on the crypto assets held.

Since the collapse of FTX, the market has been calling for more and more official regulation. The EU's first step is believed to help crypto assets enter the "rule of law era".

#USDC #稳定币立法 #MiCA法规

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The war between Israel and Palestine is raging, the demand for stablecoins is on the table,
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Market News: Ant Group to Add Circle's Stablecoin to Its Global Platform

According to market news, Ant Group will add Circle's stablecoin to its global platform.

#稳定币立法

Trump's Crazy Support for Stablecoins! What Lies Behind the Threefold Profit Scheme?

Trump is vigorously promoting stablecoins, which hide a threefold strategy of politics, business, and national strategy. On one hand, he sees dollar-pegged stablecoins as a tool to reinforce the dollar's hegemony—95% of the world's stablecoins are tied to the dollar, and 80% of reserves are invested in U.S. Treasury bonds, which helps the U.S. absorb national debt and relieve debt pressure, while allowing the dollar to penetrate global payments through the crypto market. At the same time, he has halted the Federal Reserve's digital currency initiative, instead supporting private stablecoins, aiming to use a 'decentralized' narrative to counter other countries' central bank digital currencies, maintaining U.S. control over the monetary system.

On the other hand, stablecoins are also the 'printing press' for the Trump family. The TRUMP coin he issued once had a market value of $4 billion, with the family holding 80% of the tokens, earning $320 million just from transaction fees; his wife and son's token projects have also become cash cows. Even more outrageous is that investors holding a lot of TRUMP coins can exchange them for dinner seats or even a trip to the White House; over $110 million of the $170 million investment flowed into his family’s businesses, raising accusations of using his power for personal gain. Moreover, he has garnered support from crypto voters by backing stablecoins, having raised $250 million in crypto donations for the 2024 election, and has promised to relax regulations to stimulate coin prices, creating a narrative of 'economic recovery' for himself. To shape the image of an 'innovative president,' he even made a 180-degree turn on his attitude toward Bitcoin, calling it 'digital gold,' and invoked the 'China threat' to elevate stablecoins to a national security level, hoping to safeguard America's lead in the crypto space.

However, this move carries significant risks: allowing tech giants to issue stablecoins could trigger financial risks, his family's deep ties to projects may be illegal, and the historical failures of algorithmic stablecoins raise concerns that stablecoins like USD1 could impact the dollar's credibility. Ultimately, Trump's push for stablecoins is aimed at using digital tools to consolidate dollar hegemony, reap political capital, and fill his own pockets, but mixing public and private interests will inevitably lead to clashes with regulation and market realities.

Follow me for a deeper dive into the political maneuvering behind the crypto world! Share your thoughts on Trump's stablecoin strategy in the comments, and if you find it insightful, forward it to your crypto friends! #稳定币立法

#LUNC✅ #稳定币立法
Believe #LUNC✅

#GENIUS稳定币法案 The U.S. Senate finally passed the Stablecoin Genius Act with a vote of 68:30.
Why is it so important? Because this act is not a prohibition, but an attempt at 'systemic regulation.'
The GENIUS Act requires all dollar stablecoins to be fully backed 1:1, with assets limited to cash or short-term U.S. Treasury bonds. Monthly disclosure of reserve audit results is mandatory, and user funds are prohibited from being misappropriated or re-collateralized. Once the market cap exceeds $10 billion, it must enter the federal regulatory system. Stablecoins are now treated as 'formal financial instruments.'
Personally, I feel this is a struggle for monetary dominance. The U.S. does not want stablecoins to spiral out of control, nor does it want to be outpaced by other CBDCs. Therefore, it chooses to set the rules directly, first 'incorporating' stablecoins and then pushing them globally.
The real impact of this act extends beyond the blockchain:
1️⃣ Increase the transparency of stablecoins and rebuild market trust
2️⃣ Provide a compliance pathway for traditional financial institutions
3️⃣ Projects face higher compliance thresholds, reducing innovation
In a sense, this is a reshuffle. Stablecoins will resemble real-world 🏦 products more closely, and they will no longer just be a 'medium of exchange' in Crypto, but may become a key bridge between the real world and the blockchain world.
For example, for deposits and withdrawals. In the past, many users could only rely on OTC and gray channels. Now, if compliant stablecoins can directly connect to bank accounts, the barriers for payment, cross-border transactions, and on-chain settlements will significantly decrease. This is the real key to pushing stablecoins into the mainstream.
Of course, not everyone supports this approach. Some are concerned that excessive regulation will stifle innovation, turning Crypto into a mere appendage of the financial industry. Moreover, if only a few giants are left licensed and compliant to issue stablecoins, then what remains of 'decentralization'?
But in my view, this may be a compromise that must be made. There must always be a balance between regulation, user trust, institutional entry, and technological innovation.
What the Genius Act brings is neither a pure benefit nor a direct detriment, but the establishment of a new order.
#稳定币立法

As expected, the GENIUS stablecoin bill has officially landed, and cryptocurrency compliance regulation will usher in a watershed moment! Bull markets always arrive amidst skepticism.

#GENIUS稳定币法案 #稳定币立法

#LUNC✅ #稳定币立法
Recently, the big players are not spending anymore. In the past, SOL would have a fast pass every month, and BSC, unwilling to be left behind, would desperately shout out a few dogs with a market value of tens of millions. Now, it’s all good; they’re not spending anymore!
The robots are chattering all day, but looking at it, it’s all relying on garbage coins, and it’s tough to even reach 1 million. How to play?
What exactly has made the big players hesitant to spend money? Let’s discuss $LUNC $BTC

According to The Block, U.S. Senators Kirsten Gillibrand and Cynthia Lummis proposed a stablecoin bill on Wednesday that requires stablecoin issuers to hold a one-to-one cash or cash equivalent reserve to support their tokens and prohibits unbacked algorithmic stablecoins. The bill also requires issuers and users not to use stablecoins for illegal or unauthorized activities, such as money laundering. The bill aims to establish a framework to encourage "responsible" innovation, emphasizing the advantages of stablecoins in fast international transactions, lower fees, and digital native programs and applications.
In addition, the bill plans to establish a "federal and state regulatory system for stablecoin issuers to maintain a dual banking system." In the United States, the dual banking system refers to federal banks and state banks being regulated by different regulators, although they can be regulated by both state and federal regulations. The Lummis-Gillibrand Payment Stablecoin Act will grant federal and state entities the power to charter and enforce stablecoins.
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