Today, the US Senate is advancing the GENIUS Act stablecoin bill, which clearly requires that reserve assets must be real gold and silver (cash + government bonds) and undergo public audits.

For giants like Tether, which has opaque asset backing mixed with Bitcoin and gold, this is undoubtedly a huge challenge and could even force them to exit the US market.

However, for Circle and USDC, with policy backing, both market capitalization and trust are likely to rise.

I believe this is a cleansing battle at the institutional level, where non-compliant entities are eliminated, and compliant ones welcome mainstream inflows.

Tether may accelerate its expansion into overseas markets (such as Latin America and Asia).

Next, we will focus on the progress of the House and Trump's final signature.

If you are optimistic about the development of a compliant stablecoin system, this could be a "policy catalyst + structural opportunity."

#Tether #USDC #GeniusAct #Stablecoin #CryptoRegulation