📢 Alchemy CTO: Genius Act to Accelerate Bank-Issued Stablecoins
✅ With the Genius Act passed, major banks are expected to enter the stablecoin space, now backed by clear U.S. regulations.
🏦 Guillaume Poncin, CTO of Alchemy, predicts every bank will eventually issue its own stablecoin and run its own blockchain.
💰 For banks, stablecoins mean revenue from reserve yields and control over transaction flows; for clients, benefits include instant settlement and 24/7 programmable money.
🔄 Poncin sees room for banks and current leaders like Circle and Tether to coexist, serving different segments of the growing market.
🌉 Banks will likely adopt Layer 1s for security and Layer 2s for retail scale, which is bullish for Ethereum and L2 ecosystems.
🌐 Interoperability between bank chains is seen as the biggest challenge, but cross-chain tools and shared rollups could solve it.
🛠️ Alchemy aims to be the AWS of Web3, offering tools and infrastructure to help banks adopt blockchain without deep technical expertise.
📈 Interest surged post-SAB 121 repeal — Poncin says institutions are no longer asking “if,” but “how fast can we move?”
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