🇺🇸 The USA has passed the GENIUS law — new rules for stablecoins.
Essence:
Now all stablecoins must be backed by dollars or U.S. government bonds and undergo audits.
Why this is beneficial for the USA:
Each stablecoin is a dollar invested in government debt.
Demand for bonds is increasing.
Interest is paid by crypto companies, not the state.
The budget saves billions.
The goal is to inflate the stablecoin market to $3.7 trillion and make it a source of funding for the economy.
So if you hold USDT —
you are effectively financing the U.S. national debt.
GENIUS? That's what they named it.
