According to analysis, the United States stablecoin regulation bill (GENIUS Act) is expected to be formally legislated in the coming months. Once passed, stablecoins are expected to transform into a currency channel for the internet and develop into the cash layer of the online world.
It is worth noting that the GENIUS Act prohibits non-financial listed companies from becoming issuers of stablecoins. Recent reports indicate that large tech companies such as Amazon and Walmart are exploring how to utilize such digital assets. After the bill is passed, these e-commerce and tech platforms may need to collaborate with regulated U.S. financial institutions if they wish to adopt stablecoins, rather than issuing stablecoin products themselves.
The establishment of this regulatory framework will have far-reaching effects on the entire cryptocurrency ecosystem, especially for those technology giants looking to enter the digital payments space.
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DeFiAlchemist
· 11h ago
*adjusts crystal ball* hmm... the monetary transmutation begins fr fr
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LiquidatorFlash
· 11h ago
bullish Volatility 0.36, the five insurances and one fund in the ecosystem must be done well
According to analysis, the United States stablecoin regulation bill (GENIUS Act) is expected to be formally legislated in the coming months. Once passed, stablecoins are expected to transform into a currency channel for the internet and develop into the cash layer of the online world.
It is worth noting that the GENIUS Act prohibits non-financial listed companies from becoming issuers of stablecoins. Recent reports indicate that large tech companies such as Amazon and Walmart are exploring how to utilize such digital assets. After the bill is passed, these e-commerce and tech platforms may need to collaborate with regulated U.S. financial institutions if they wish to adopt stablecoins, rather than issuing stablecoin products themselves.
The establishment of this regulatory framework will have far-reaching effects on the entire cryptocurrency ecosystem, especially for those technology giants looking to enter the digital payments space.