Core Points - The signing of the "Genius Act" by President Trump establishes the first regulatory framework for digital stablecoins in the U.S. [1][2] - The act aims to increase demand for U.S. Treasury bonds, lower U.S. interest rates, and maintain the dollar's status as the global reserve currency [1] Legislative Progress - On June 17, the U.S. Senate passed the "Genius Act" with a vote of 68 to 30, marking the first major approval of cryptocurrency legislation [1] - On July 17, the House of Representatives passed three bills related to stablecoins and digital currencies, including the "Genius Act" [1] - Trump described the act as one of the greatest changes in financial technology since the advent of the internet [1] Definition and Market Overview - Stablecoins are cryptocurrencies designed to maintain a stable value, typically pegged to the U.S. dollar at a 1:1 ratio [4] - The current market size of stablecoins is approximately $247 billion, with the largest stablecoins being Tether (USDT) and USD Coin (USDC), which together account for about 90% of the total market [6][7] - The stablecoin market is projected to grow to $3.7 trillion by 2030 [7] Objectives of U.S. Government - The U.S. government aims to leverage stablecoins to enhance the dollar's influence in the digital currency space and maintain its dominance in the global monetary system [9] - There is a belief that issuing stablecoins could alleviate future pressures on U.S. debt [9] Challenges and Controversies - The "Genius Act" has faced criticism from both parties, with some Democrats arguing it lacks sufficient consumer and national security protections [12] - Some Republicans oppose the act for not adhering to a previous executive order that prohibits the establishment of a central bank digital currency [12]
特朗普签署稳定币相关法案 什么是稳定币？要“稳”住什么？
Yang Shi Xin Wen·2025-07-19 01:11