#我的交易风格 GENIUS Act requires that all USD stablecoins must have a 1:1 full reserve, with assets limited to cash or short-term US Treasury bonds. Reserve audit results must be disclosed monthly, and users' funds are prohibited from being misappropriated or re-collateralized. Once the market value exceeds $10 billion, it must enter the federal regulatory system. Stablecoins have been treated as 'formal financial instruments'.

Personally, I feel this is a struggle for monetary dominance. The United States does not want stablecoins to spiral out of control, nor does it want to be outpaced by other CBDCs. Therefore, it chooses to establish rules directly, first 'incorporating' stablecoins, and then promoting them globally.