#GENIUS稳定币法案 Technical Compliance: Smart Contract Standards of the GENIUS Act

Appendix C of the Act specifies technical compliance requirements: 1) Must adopt ERC-20 or an equivalent auditable standard; 2) Smart contracts must be audited by 3 certification agencies; 3) Judicial freeze interface must be retained. The most innovative aspect is the 'Interoperability Clause', which requires all compliant stablecoins to achieve cross-chain exchanges with a fee cap of 0.1%. To meet these requirements, issuers need to upgrade their infrastructure, and it is expected that the cost of technological transformation will account for more than 20% of the first year's expenses.