#GENIUS稳定币法案

🧠《Genius Stablecoin Act》Key Points Summary

The United States has recently launched the 《Genius Stablecoin Act》, aimed at regulating the stablecoin market, protecting user assets, and allowing legal stablecoins to enter the mainstream financial system.

🔑 5 Key Points:

1. Licensing Required: Stablecoin issuers must apply for permission from the government and are subject to regulation.

2. 100% Reserve: All stablecoins must be fully backed by cash or U.S. Treasury securities.

3. Ban on Fake Stablecoins: Algorithmic coins or coins without transparent reserves will be prohibited.

4. Mandatory Redeemability: Stablecoins must allow a 1:1 exchange for U.S. dollars.

5. Entry into Banking System: Compliant stablecoins can be used for cross-border payments and commercial transactions.

✅ Benefits:

• Increase trust and attract institutional participation

• Prevent a repeat of the Terra collapse incident

• Promote the digitization of the U.S. dollar

❌ Controversies:

• Restricts innovation and small projects

• Adverse to decentralization ecology