稳定币能够稳定美国金融吗？美加密货币相关法案落地引发三连问

Core Points - The signing of the "Genius Act" by President Trump establishes the first regulatory framework for digital stablecoins in the U.S. [1][5] - The U.S. government is accelerating the legislative process for cryptocurrency regulations, with the Senate passing the "Genius Act" and the House approving three related bills [1][3][5] Legislative Developments - The "Genius Act" aims to create a regulatory framework for stablecoins, requiring them to be backed by liquid assets like the U.S. dollar or short-term government bonds, and mandates monthly disclosures of reserves by issuers [3][8] - The "Digital Asset Market Clarity Act" was also passed, which seeks to clarify the regulatory roles of the SEC and CFTC in the cryptocurrency market [3] - The "Anti-Central Bank Digital Currency Monitoring Act" was passed by the House, aiming to prohibit the Federal Reserve from issuing a central bank digital currency due to privacy concerns [3] Market Context - Stablecoins are pegged to the U.S. dollar and are designed to maintain price stability, with the largest stablecoins being Tether (USDT) and USD Coin (USDC), which together account for approximately 90% of the market [8] - The stablecoin market has grown significantly, from $20 billion in 2020 to approximately $247 billion currently, with projections estimating it could reach $3.7 trillion by 2030 [8][10] Strategic Objectives - The U.S. government aims to maintain its dominance in the global monetary system through the promotion of stablecoins, countering the impact of digital currencies on the dollar's value and influence [10][12] - Experts suggest that the success of stablecoins in maintaining the dollar's status will depend on the U.S.'s ability to fulfill its global responsibilities and commitments [12] Industry Reactions - The passage of the "Genius Act" is seen as paving the way for U.S. banks to issue digital assets, with major banks expressing interest in entering the digital asset space [13] - However, there are concerns regarding the performance and risks associated with stablecoins, including their lack of central bank backing and potential for misuse [14][16]