📅 August 23 | United States

The crypto ecosystem has just received a strong message: the Genius Act is not the end of the road, but merely the prologue to a much larger transformation. According to an analysis, stablecoins are not just another financial tool, but the gateway to a platform shift in global payments, comparable to the arrival of the internet or smartphones. The stage, experts say, is already set.

📖 President Donald Trump signed the Stablecoin Genius Act, the first legal framework in the United States to comprehensively regulate the issuance and operation of stablecoins. The regulation established full reserve and transparency requirements, legitimizing the sector and pushing issuers like Circle and Paxos to consolidate their position in the digital economy.

But what for many was a point of arrival actually marks just the beginning. Analysis suggests that stablecoins represent a “platform shift” in payments, on par with the shift from cash to cards, or from SMS messages to instant messaging services.

The key difference lies in the open and programmable infrastructure they offer. Unlike traditional banking systems—closed, slow, and expensive—stablecoins allow for near-instant and global transactions, with minimal costs and the ability to integrate into applications, smart contracts, and social media.

The data supports this view:

  • According to CoinMetrics, the annual stablecoin transaction volume has already exceeded $9 trillion by 2024, approaching the level of Visa.

  • Circle reported that more than 70% of USDC already circulates outside the US, especially in Asia and Latin America, where they are used as an alternative to physical dollars.

  • Major banks like JPMorgan and fintechs like PayPal are already experimenting with stablecoins in their own payment systems.

The real battle will not be technological, but political and regulatory. While the US seeks to strengthen a trust framework with the Genius Act, other countries are exploring their own digital currencies, from the e-CNY in China to the digital euro project in Europe. The competition between private stablecoins and central bank digital currencies (CBDCs) will define the future of money in the next decade.

Topic opinion:

Stablecoins are the true Trojan horse of the global financial system. What began as an experiment for traders now threatens to displace traditional intermediaries and create a faster, cheaper, and fairer payment network. The Genius Act can be seen as the prologue to a book that is just beginning to be written.

💬 Do you think stablecoins will replace cards and bank transfers in the next 5 years?

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