$USDC
📣 The GENIUS Act takes a historic step towards the regulation of stablecoins! 🇺🇸💥
Through a bipartisan vote (68–30), the United States Senate approved the GENIUS Act today, becoming the first federal legislation to regulate digital stablecoins in the United States.
📌 Highlights of the law:
Requirement to back each stablecoin 1:1 with cash or government bonds.
Monthly transparency reports on reserves.
Direct oversight by regulatory entities to ensure safety and trust.
📈 A step like this paves the way for the adoption of stablecoins as a legal means of payment and opens the door for large financial institutions to enter the space.
🔍 My vision:
This decision reinforces institutional trust in digital currencies.
Opportunity for the rise of USDC and other stablecoins.
It is expected to encourage banks and large corporations to adopt blockchain-based solutions.
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💬 Do you think this step will accelerate the adoption of digital currencies in our daily lives? And is USDC the biggest beneficiary? Share your opinion 👇