What are the benefits of the Stablecoin Act for the cryptocurrency community?
Today, Trump officially signed the "Stablecoin Act" at the White House,
marking the implementation phase of U.S. stablecoin regulatory legislation.
So what are the benefits for the cryptocurrency community?
In simple terms, its passage means the government recognizes stablecoins as compliant,
which means various financial institutions will start to engage with and issue their own stablecoins,
the number of users adopting stablecoins will continue to grow,
and it can be said that the number of users in the cryptocurrency community will increase.
With stablecoins in hand,
can they directly purchase various cryptocurrencies?
This could lead to a small bull market.
Additionally, it will encourage other countries (excluding China)
to introduce their own stablecoin legislation and adoption in the second half of this year or next year,
which is a long-term positive for cryptocurrency assets.
It's better to enjoy together than to enjoy alone; if you reach out, I can pull you ashore!!
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