The U.S. has finally set rules for stablecoins!
The Senate passed the (GENIUS Act) with a high vote of 68:30, a rare bipartisan effort to issue 'licenses' to the crypto industry, officially bringing U.S. dollar hegemony into the on-chain era!
Core transformation: Goodbye to the 'wild paths'.
1:1 real cash: In the future, stablecoins must be fully backed by cash and short-term U.S. Treasuries, banning algorithmic tricks, allowing users to redeem for dollars at any time.
Compliance test: Issuers must either obtain a federal license or state-level registration, with those exceeding a $10 billion market cap directly regulated by the Federal Reserve—small players can breathe, while giants stay vigilant.
USDT is in panic: Tether has only 85% cash reserves + audits that do not meet U.S. standards, and its headquarters is urgently relocating to El Salvador for refuge; meanwhile, USDC is effortlessly thriving, reaping the benefits of compliance.
Why is the U.S. rushing to push legislation?
Fiscal calculations: Treasury Secretary Bessent straightforwardly stated that stablecoins could become 'the largest buyer of U.S. debt', with a $3.7 trillion market that can lower government borrowing costs, making this a big win for the Treasury.
Dollar hegemony 2.0: Senator Hagerty stated, 'Innovation must be in American hands!'—clearly targeting the digital yuan and euro stablecoins going abroad.
After ten years of 'regulatory wasteland', we're finally seeing the light today! But don't celebrate too early... If USDT retreats outside the U.S., the trading costs for retail investors may skyrocket, while Wall Street compliant stablecoins are sharpening their knives. The opportunity lies in compliance, while the grassroots face the growing pains.
Lock in the big D avatar and follow! Get first-hand information + in-depth market analysis to keep up with the rhythm and let your assets take off!$BTC
#GENIUS稳定币法案
