Odaily Planet Daily News: Canaccord Genuity pointed out in a research report that with the U.S. Senate passing the "GENIUS Stablecoin Act," compliant stablecoins will become the "internet currency layer." Analysts believe that the passage of this act eliminates regulatory uncertainty, allowing stablecoins to break through the limitations of cryptocurrency trading pairs and gain wider application scenarios. The relevant report emphasizes that compliant stablecoins have essentially been regarded by the U.S. government as cash equivalents, and their instant settlement and low-cost features will enhance the efficiency of fund flows. The full reserve requirement will make stablecoins an important source of demand for short-term U.S. Treasury bonds, while also promoting the process of dollarization in the global economy. Analyst Joseph Vafi's team believes that this marks the arrival of the programmable currency era. (CoinDesk)