#GENIUS稳定币法案 USDT flees to small countries overnight! The US's 1:1 new regulations sweep stablecoins, while retail investors wait for a passive income tool.
The US has finally set rules for stablecoins!
The Senate passed the GENIUS Act by a high vote of 68:30, a rare bipartisan effort to give the crypto industry a 'license,' and the dominance of the US dollar officially enters the on-chain era!
Core transformation: Goodbye to 'wild routes'
1:1 real cash: In the future, stablecoins must be fully backed by cash and short-term US Treasury bonds, banning algorithmic tricks, and users can redeem USD at any time.
Compliance challenge: Issuers must either obtain a federal license or state-level approval, with those exceeding a market value of $10 billion directly under the jurisdiction of the Federal Reserve - small players catch a breath, while giants keep a close watch.
USDT is in a panic: Tether only has 85% cash reserves + audits not meeting US standards, and the headquarters urgently relocates to El Salvador for refuge; while USDC sits back and wins, enjoying the compliance dividend.