【Understanding the 'GENIUS Act' = Seizing the New Trend in Cryptocurrency】

Yesterday, the U.S. Senate passed a significant piece of legislation: the 'GENIUS Act', which establishes a federal regulatory framework specifically for stablecoins.

What does this mean? In simple terms, it's like giving the most essential 'dollar substitutes' in the crypto market—stablecoins—a business license, insurance, and regulation.

✅ Core provisions explained in 3 sentences:

1️⃣ Issuers of stablecoins must have 100% dollar assets backing them, such as short-term U.S. Treasury bonds and cash.

2️⃣ If the issuing company goes bankrupt, users' funds will be redeemable immediately, with priority compensation.

3️⃣ Compliance is mandatory! No involvement in money laundering or terrorist financing; a triple measure of KYC + audit + regulation.

Is the impact significant?

To what extent? If you're an old hand in the crypto space, you surely remember the turmoil caused by the collapse of LUNA and UST back in the day, and now, stablecoins are finally entering the era of 'regular troops'.

This means:

The confidence in the entire market is recovering, and more funds will flow into the crypto market.

There may be a wave of stablecoin expansion, with USD1, FDUSD, and USDC flourishing.

Platforms like Binance will be the first to benefit from stablecoin binding projects like USD1, WLFI, B, and COOKIE.

It is predicted that by 2030, the global market value of stablecoins may exceed $25 trillion, which is the true main battlefield for the digitization of the dollar!

The window of opportunity has opened; smart money won't miss out, but are you still hesitating?