Every Bank Will Issue Stablecoin After the GENIUS Act
On June 18, 2025, a report highlighted the statement of Guillaume Poncin, CTO of Alchemy, predicting that every bank will issue stablecoin after the GENIUS Act is passed. This bill, approved by the US Senate Banking Committee on March 13, 2025, creates a federal regulatory framework, requiring full reserves and oversight by banking regulators, triggered by the collapse of TerraUSD 2022 which wiped out $40 billion. Alchemy, which supports the USDC infrastructure, sees an increasing trend in bank adoption. This bill aligns with European MiCA regulations (2024) demanding similar transparency, while Trump's pro-crypto Executive Order on January 23, 2025, encourages US innovation. Criticism has arisen regarding systemic risks, yet this potential is supported by significant investments. At 08:43 WIB, June 19, 2025, the crypto market awaits the impact of this regulation on global finance.