说句实在话，这哪儿是什么数字资产创新，分明是美国给 36 万亿美元债务堰塞湖找的 "救命稻草"。 稳定币成美债救命稻草 你发现没，最近不管是金融圈大佬还是街边炒股的大爷，都在聊一个词 —— 稳定币。 说白了，这玩意儿就是 "数字银票"：你把 1 美元现金存给发行公司，对方就给你发 1 枚对应数字货 币，随时能兑换回来，币值不会像比特币那样暴涨暴跌。 截至 2025 年 11 月，全球这玩意儿的总市值已经飙到 2560 亿美元，更吓人的是，其中 80% 都砸进了美 国短期国债，相当于近 2000 亿美元隐形资金，悄悄成了美债的 "接盘侠"。 咱们掰扯掰扯数据：美国联邦债务已经突破 36 万亿，2025 年光要还的本金加利息就高达 9 万亿，比很 多国家的全年 GDP都高。 更要命的是，2024 年 10 月外国债主集体 "用脚投票"，前十大债主里 7 个都在抛售美债，国际市场买美 债的意愿越来越低，美国政府快没钱可借了。 就在这节骨眼上，2025 年 7 月生效的《GENIUS 法案》派上了大用场。 这法案简直是为 "填债坑" 量身定做：任何公司发行稳定币，都必须把收到的钱 1:1 换成美元现金或 93 天内到 ...

Group 1 - The signing of the GENIUS Act establishes a regulatory framework for stablecoins, marking a significant legislative milestone that could pave the way for digital assets to become everyday payment tools [1][2] - The act passed in the House with a vote of 308 in favor and 122 against, receiving support from nearly half of the Democratic representatives and a majority of Republican representatives, following prior approval in the Senate [1] - The current market size of stablecoins exceeds $260 billion, with projections from Standard Chartered suggesting it could surpass $2 trillion by 2028 if the new regulations are implemented [1][2] Group 2 - The new regulations require stablecoin issuers to fully back their assets with high liquidity assets such as USD and short-term government bonds, with monthly disclosures of asset composition [2] - The legislation has faced criticism from some Democrats and opponents who argue it does not sufficiently limit tech giants from issuing their own stablecoins, potentially increasing industry monopolization risks [2] - Traditional financial institutions are beginning to explore entry into the crypto space, with several U.S. banks initiating internal discussions and planning pilot projects or limited trading [2]