$USDC USDT flees to a small country overnight! The US's 1:1 new regulations wipe out stablecoins, but retail investors receive a passive income tool

The US has finally established regulations for stablecoins!

The Senate passed the "GENIUS Act" with a high vote of 68:30, a rare bipartisan effort to give the crypto industry a 'license', marking the official entry of dollar hegemony into the on-chain era!

Core transformation: Say goodbye to 'wild paths'

1:1 real cash: In the future, stablecoins must be fully backed by cash and short-term US Treasury bonds, prohibiting algorithmic tricks, allowing users to redeem dollars at any time.

Compliance challenge: Issuers must either obtain a federal license or state-level registration, with those having a market cap of over $10 billion directly under the Federal Reserve's jurisdiction — small players can catch their breath, while giants keep a close eye.

USDT is in a panic: Tether only has 85% cash reserves + audits not meeting US standards, its headquarters urgently relocates to El Salvador for refuge; while USDC enjoys a passive income, reaping the compliance benefits to the fullest.