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The passage of the 'GENIUS Act' makes ETH the biggest beneficiary
With Trump officially signing the (GENIUS Act), the stablecoin industry is undergoing a historic transformation. Andrew Keys, CEO of Ether Machine, stated: 'The biggest beneficiary of this bill is none other than Ethereum.'
This judgment is not unfounded. From the content of the bill, whether it is compliance, auditing requirements, or the prohibition of 'interest-bearing stablecoins,' almost every clause points to a direct benefit for the Ethereum network.
Why is Ethereum the biggest beneficiary?
1. The 'parent chain' role of stablecoins
Currently, the mainstream US dollar stablecoins—USDC, USDT, DAI, etc.—are mostly deployed on the Ethereum network. The introduction of the new bill means that in the future, all compliant, regulator-approved stablecoin projects will most likely choose to issue on Ethereum. In simple terms, with the law backing it, for money to flow compliantly into the crypto world, it first has to 'pass through Ethereum.'
This judgment is not unfounded. From the content of the bill, whether it is compliance, auditing requirements, or the prohibition of 'interest-bearing stablecoins,' almost every clause points to a direct benefit for the Ethereum network.
Why is Ethereum the biggest beneficiary?
1. The 'parent chain' role of stablecoins
Currently, the mainstream US dollar stablecoins—USDC, USDT, DAI, etc.—are mostly deployed on the Ethereum network. The introduction of the new bill means that in the future, all compliant, regulator-approved stablecoin projects will most likely choose to issue on Ethereum. In simple terms, with the law backing it, for money to flow compliantly into the crypto world, it first has to 'pass through Ethereum.'
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