The stablecoin regulatory proposal named the 'GENIUS Act' with the number #GENIUS稳定币法案 is currently being prepared for submission to the U.S. House of Representatives for deliberation. If the legislative process goes smoothly, the bill is expected to be officially passed in the third quarter of this year, establishing a regulatory foundation for the stablecoin market.

According to the draft, stablecoin issuing institutions will need to support their coins with highly liquid assets, such as U.S. dollar cash and short-term government bonds, and must publicly disclose the details of reserve assets on a monthly basis. This regulation aims to enhance market transparency and trust regarding the backing of stablecoin reserves.

In addition, current U.S. Treasury Secretary Scott Bessent stated that the stablecoin industry has the potential to expand to a 'trillion-dollar level' market size, attracting external attention. As the regulatory framework gradually takes shape, there is also curiosity about whether major tech companies like Apple, Google, and Meta will seize the opportunity to launch their own stablecoin products.