Recently, everyone has been discussing the GENIUS stablecoin bill, which reminds me of an experience my friend had a few years ago.

At that time, he felt that USDT was not decentralized enough and went all-in on an algorithmic stablecoin, and as we all know, the price went to zero. This incident made me realize that the stability mechanism of stablecoins is crucial.

The GENIUS stablecoin bill has generated significant attention, with 2.1 million views and nearly two thousand posts. The popularity is indeed high. But while everyone is paying attention, we must also focus on the regulatory requirements for stablecoin issuers in the bill, the transparency of collateral assets, and the risk prevention of the stability mechanism. After all, a stablecoin lacking regulation is like a runaway wild horse, and the risks are too great!

That said, if the GENIUS stablecoin bill can truly be implemented, it would undoubtedly be a major boon for the entire cryptocurrency market. This means a more regulated market environment and safer investment choices. What do you think?