#GENIUS稳定币法案

The 'GENIUS Act' marks a critical turning point for the cryptocurrency industry from wild growth to compliant mainstream:

For the cryptocurrency industry: short-term pain for long-term certainty, promoting stablecoins from 'transaction medium' to 'global payment infrastructure';

For traditional finance: banks and tech giants (like Apple and Google) using stablecoins to enter the on-chain economy, opening up a trillion-dollar RWA market;

For the international landscape: the US dollar consolidates digital hegemony through stablecoins, but the competition and cooperation between the EU and Hong Kong will foster a multipolar regulatory ecosystem.

As Circle CEO Jeremy Allaire said, 'Compliance is not the end of innovation, but the beginning of global scaling.' When stablecoins become the lifeblood of the digital economy, the game of financial power is just beginning.