$USDC

Analysis of the Impact of the GENIUS Act on the Cryptocurrency Market

After the implementation of the GENIUS Act, the stablecoin market will undergo significant reshuffling: 1) Increased compliance costs may eliminate small and medium-sized issuers, leading to higher market concentration; 2) Offshore stablecoins like USDT face the risk of losing American users; 3) Bank-affiliated stablecoins such as USDC will benefit from policy dividends. Analysts predict that within 6 months after the passage of the act, the market share of compliant stablecoins will increase from the current 35% to 70%, while the trading volume of non-compliant stablecoins may be halved.