$USDC The U.S. Senate passed the "GENIUS Act" on June 17, requiring that stablecoin reserves must be 100% backed by cash or short-term government bonds, and implementing tiered regulation (with market capitalization over $10 billion directly regulated by the Federal Reserve). USDC has become a compliance benchmark due to its existing reserve structure (99.5% in U.S. government bonds and cash) and the transparency of monthly public audits. After the bill is enacted, USDC will attract more funds from traditional financial institutions, further expanding its market share.