What exactly is this "Genius Act"?
In short, the US government is finally going to set rules for stablecoins! You know, in the past few years, stablecoins have been like a child without a father or a mother, growing wildly in the gray area. Now it has an official status:
1. 100% reserve requirement: The issuer must use hard currencies such as US dollars and US bonds as collateral, and must also post monthly bills
2. Tiered supervision: Large players (more than $10 billion) are regulated by the Federal Reserve, while small players are regulated by state governments.
3. Transparent operation: False propaganda (such as implying government endorsement) is prohibited, and KYC/AML must be done
This bill is clearly intended to allow the US dollar to continue to rule the world with the help of stablecoins! Currently, 99% of the world's stablecoins are anchored to the US dollar, and the bill also requires the reserve of US debts - isn't this just a disguised way of finding a buyer for the US Treasury?
The "regular army" of stablecoins wins directly USDT (Tether): Although it is always criticized for "black box operation", it holds 78 billion US debts and fully complies with the new regulations. If it can wash off the label of "special currency for electronic fraud", the market value can double again USDC (Circle): The favorite son of Wall Street, with 48 billion US debt reserves + active cooperation with supervision, this wave may replace USDT and become the first choice of institutions.
The public chain track has hidden secrets
ETH: 90% of stablecoins are running on Ethereum, and gas fee income is about to hit a new high
SOL: USDC has circulated 5 billion dollars on Solana. The low-cost advantage is very suitable for stable currency transfers
TRX: Let me tell you a secret, 46% of the world’s USDT is on the TRON chain, and Justin Sun is going to make a fortune again this time
Do you understand the Americans' "open conspiracy"?
This operation is absolutely amazing! The Fed does not need to issue digital dollars, and it can make the world's leeks consciously hold US debt. Now Tether has bought more US debt than Germany. In the future, all stablecoin issuers will have to work for the US Treasury Department - both to maintain the hegemony of the US dollar and to have someone take over US debt, killing two birds with one stone!
But we, the cryptocurrency traders, don’t care about conspiracy or conspiracy, as long as we can make money, it’s a good plan! According to Citi’s forecast, the stablecoin market will reach 3.7 trillion dollars in 2030. Entering the market now is to seize the early dividends. But remember two points:
1. Focus on projects that are already compliant or easy to transform
2. Stay away from those diehards who cling to algorithmic stablecoins
The biggest risk in a bull market is missing out! This wave of regulatory dividends can be speculated for at least half a year, so hurry up and study it, don’t wait for FOMO to chase high prices!
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