Nuclear Level Regulation: The U.S. Locks Down Stablecoins

The U.S. Senate Passed the GENIUS Act with a 68:30 Vote, Completely Ending the 'Wild Growth' Era of Stablecoins

The Core of the Bill Comes Down to Two Points: 1:1 Dollar Reserves + Federal License, Forcing Tether to Move Its Headquarters to El Salvador Overnight, While USDC Reaps Compliance Dividends

This Regulatory Earthquake Is Not 'Industry Norms', But the Beginning of the U.S. Using Dollar Hegemony to Harvest the On-Chain World


1. Core of the Bill: Retail Investors are Safe, but USDT is in Trouble

100% Reserve Requirement: All Stablecoins Must Be Fully Backed by Cash or Short-Term U.S. Treasury Bonds Moving Forward, Prohibiting Algorithmic Stablecoins' 'Air Anchoring'. Users Can Redeem for USD at Any Time, Significantly Reducing Bank Run Risks.
Layered Regulation:

Small Players: Stablecoins with a Market Value Below $10 Billion Only Need State-Level Registration, Leaving Room for Startups;
Giants: Those Over $10 Billion (such as USDT, USDC) Will Be Directly Regulated by the Federal Reserve, Subject to Monthly Audits and Mandatory Disclosure of Reserve Structures.

Data Comparison:

USDT: Currently Only 85% Cash Reserves, and Audit Reports Have Long Been Questioned for 'Inflation', as Soon as the Bill Came Out, It Immediately Moved to El Salvador, Clearly Evading Regulation.
USDC: Parent Company Circle Has Already Listed in the U.S., 96% of Reserves are U.S. Treasury Bonds and Cash, Market Value Soared 12% Overnight, Becoming the Biggest Winner.


2. The U.S. Calculation: Using Stablecoins to Harvest the World

U.S. Treasury Bond Backer: Treasury Secretary Yellen Clearly Stated that Stablecoins Will Become the 'Largest Buyers of U.S. Treasury Bonds'. Currently, USDT + USDC Hold Over $175 Billion in U.S. Treasury Bonds, Expected to Exceed $1.2 Trillion by 2030—More Than the Combined Holdings of China and Japan.
Dollar Hegemony 2.0: Senator Hagerty Declares, 'Innovation Must Be in American Hands!' The Bill Clearly Requires Foreign Stablecoin Issuers to Obtain Approval from the U.S. OCC, Directly Targeting the Digital Renminbi and Euro Stablecoins Going Overseas.

Conflict Points:

USDT's Retreat: If Tether Abandons the U.S. Market, Non-U.S. Users' Cross-Border Transaction Costs Will Soar, Especially Regions in Southeast Asia and Latin America that Rely on USDT May Face Liquidity Crises


Wall Street Enters: Goldman Sachs and JPMorgan Have Applied for Stablecoin Licenses, Future Compliant Stablecoins May Dominate the Market, Ending the 'Free Exchange' Era for Retail Investors.

3. Retail Investor Survival Guide: How to Respond to Changes?

Short-term Strategies:


Switching to USDC: Compliant Stablecoins Will Become the 'New Favorites' of Exchanges, Binance Has Delisted USDT for the EU Region, Other Platforms May Follow Suit


Beware of USDT Discount: If Market Panic Selling Occurs, USDT May Temporarily Decouple, Avoiding Large Holdings

Long-term Layouts:


Focus on RWA Track: Tokenization Protocols for U.S. Treasury Bonds (such as Ondo Finance) May Benefit from Surging Demand for Stablecoin Reserves


Betting on Compliance Dark Horses: If Circle (the issuer of USDC) Continues to See Its Stock Price Rise, It May Indirectly Position Itself for Stablecoin Dividends

#GENIUS稳定币法案 $BTC