The compliance wave for stablecoins has arrived!
This is not a multiple-choice question; it's a matter of survival! The Americans are serious this time.
Projects that can't keep up will be waiting to be washed out!
Brothers, the Senate just gave the (GENIUS Stablecoin Bill) the green light, and the next step is the final vote! To put it simply, this thing is about setting rules for stablecoins:
Real money is the only reliable option: In the future, stablecoins must be 100% backed by US dollars, US Treasury bonds, or cash! No more fluff!
Tailored for the audience: Big players like USDT and USDC, which are worth tens of billions, will be directly managed by the federal government, under strict supervision. Small players will be managed at the state level, but the costs are still quite high!
Protect the retail investor's money: In case the issuer goes bankrupt, we as holders have the right to prioritize getting our money back! This is definitely a plus!
Closing the door on foreign stablecoins: Want to enter the US? Sure! First, prove that you meet American standards! Clearly aimed at Tether!
Big players, don't act rashly: Tech giants like Meta and Google want to issue their own coins? They need to go through multiple approval processes first! Data and finance must be separated!
Impact on the market? I've been watching the charts and noticed:
Is USDC about to take off? Their reserves are the cleanest (80% US Treasury), definitely the darling of regulators! Institutions and big funds will definitely prefer it!
USDT is under pressure! They need to quickly cut off those 'grey area' businesses and transform into compliance! It might be turbulent in the short term, but if they survive long-term, they’ll still be the big shot.
DEXs and lending protocols are going to benefit! Platforms like Uniswap and Aave will see a surge in stablecoin trading and collateral demand! The transaction fees will be rolling in!
Putting US Treasury bonds on the blockchain is the trend! MakerDAO ($MKR) has already hoarded US Treasury bonds, and Ondo ($ONDO), which tokenizes US Treasury bonds, is set to win effortlessly!
Algorithmic stablecoins are directly sentenced to death! Small players either need to cling to the big players or wait for their demise! Fully anonymous DeFi will also have to bow down and add KYC!
The implementation of the bill is a major watershed! Compliant players will thrive, while the rogue ones will be wiped out! Want to position yourself for the next tenfold opportunity? Hit that follow button! A one-on-one breakdown of the three compliance dividend coins most likely to be grabbed by big institutions! If you miss out, don’t blame me!$BTC #美国CLARITY法案
