Market Changes Under the Stablecoin Bill Genius:

(1) Most of the existing projects do not meet the requirements; this bill is prepared for new entrants in the market.

(2) What will happen to these stablecoins on the chain? They will undergo some turmoil, gradually finding their own transformation/settlement/exit.

(3) The demand for completely decentralized stablecoins still exists, such as non-USD pegged, censorship-resistant, and as a native pricing unit. But the path has become longer.