#山寨币突破 Trump officially signed the "Guidance and Establishment of the U.S. Stablecoin National Innovation Act" (referred to as the "Genius Act") at the White House, marking the first establishment of a stablecoin regulatory framework in the United States. Trump stated that stablecoins help increase demand for U.S. Treasury bonds, lower interest rates, and solidify the dollar's status as the global reserve currency. He reiterated that he "will never allow the establishment of a central bank digital currency in the U.S." The "Genius Act" requires stablecoins to be backed by liquid assets such as U.S. dollars or short-term U.S. Treasury bonds, and issuers must disclose reserve details monthly. Currently, the two largest stablecoins, USDT and USDC, account for nearly 90% of the total market capitalization. According to statistics, the stablecoin market size is approximately $247 billion, and U.S. Treasury Secretary Yellen expects it to grow to $3.7 trillion by 2030. Experts point out that the U.S. push for stablecoins aims to leverage the existing advantages of the dollar and maintain its dominant position in the global currency and payment system. Some believe this move could alleviate pressure on U.S. debt. However, some Democratic lawmakers question the bill's failure to provide sufficient consumer and financial stability protections and point to connections between the Trump family and cryptocurrencies. Some Republican lawmakers also believe that the bill conflicts with Trump's previous executive order banning central bank digital currencies.