#GENIUS稳定币法案 The central bank is personally stepping in, will stablecoins face a transformation? Tonight, we must closely watch these two things!
You may not have realized that a hard battle over "stablecoin hegemony" has already begun, and the central bank is personally joining the fray!
What "major event" happened today?
This morning at the Lujiazui Forum, central bank bigwig Pan Gongsheng dropped a bombshell:
"Using blockchain to eliminate SWIFT"—cross-border remittances reduced from 3 days to 10 seconds, and transaction fees cut from 6% to 0.6%
SWIFT, the "old foreign traditional payment system," is really about to be sent to the museum
Don’t take it as just hot air—today, the digital RMB international operation center has officially gone live!
The market is bleeding:
The stablecoin battle has officially begun!
The central bank's version of "compliant stablecoins" is here
100% fiat currency reserves
Monthly on-chain audits
Central bank credit endorsement
→ More "stable" than old players like USDT and USDC, it’s like entering a market with a machine gun!
USDT starts to bleed
On-chain monitoring showed a large holder dumped 89 million USDT last night, converting it all to digital RMB
Offshore USDT price instantly crashed, with a discount of 0.008
USDC is not to be outdone
Binance added 27 million USDC this morning, aiming to strike a "compliant combination punch" with the central bank
The "cat-and-mouse game" of DeFi unfolds:
Regulation says: All stablecoins must register and comply by June 24, otherwise they will be delisted globally
Technology says: AAVE and COMPOUND upgraded their smart contracts overnight, creating a "dynamic reserve proof" system, they’re going all out!
Tonight, focus on these two explosive points:
Binance's "nuclear button"
The legendary "compliant stablecoin zone" goes live tonight at 11 PM
All unverified assets will be prohibited from trading, the countdown begins!
On-chain "big moves"
The reserve address for digital RMB (0x37d...a9c) suddenly added 1.8 billion USDC, likely preparing the reserves for cross-border liquidity pools!
Who will laugh last? Is the future of stablecoins in the hands of the central bank, or in the DeFi projects on-chain?
This is not a technical issue, it’s a race against regulatory speed and a life-and-death game. After tonight, the stablecoin market may be reshuffled directly!
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