🧵 🚨 US Passes Stablecoin Law: Here's Why It’s a Big Deal for Crypto
$USDC $USDT $PYUSD
The GENIUS Act just passed — the first U.S. law to regulate stablecoins. Here's why this is HUGE:
✅ Full 1:1 reserves required
✅ Audits & public disclosures mandatory
✅ Holders = top priority in bankruptcy
✅ Opens doors for banks & tech giants like Meta to issue coins
Why it matters:
🏦 Banks like JPM & Citi can now issue compliant stablecoins
💳 Visa & Mastercard are piloting stablecoin payments
🌍 Real-world adoption = new capital inflow into crypto
> Stablecoins aren't just for DeFi anymore — they’re becoming part of the global financial system.
💬 Will this kill algorithmic coins like $USTC $USDC or help crypto go mainstream?
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#Stablecoins #CryptoNews #GENIUSAct #USDC #Web3 #BinanceSquare #DeFi