The GENIUS Act is a momentous turning point for the future of digital dollars.Our response to @USTreasury’s request for public comment on this historic law’s implementation outlines recommendations to deliver a uniform, prudentially sound framework for U.S. dollar payment stablecoins.Read a summary of our response.https://t.co/mqSgOyFkao ...

What does the GENIUS Act unlock for the future of digital dollars?Hear insights from @ddisparte, who joined the Hutchins Center on Fiscal and Monetary Policy at @BrookingsInst, where experts explored how the U.S. is turning the new stablecoin law into real-world progress.https://t.co/2VqTsag2gL ...

Anchorage Digital Bank, the only crypto-native firm with a federal US banking charter, plans to more than double the size of its stablecoin team over the next year, as a boom in digital dollars and new legislation prompts a rush for talent and products https://t.co/HpT47pCN0K ...

PayPal built one of the first global digital payment networks.With PYUSD0 on Avalanche, that same brand of trusted digital dollars can now move seamlessly across borders, apps, and users, without relying on banks. ...

New Venture - Kaio 创始人 Avtar Sehra 和 Tether 联合创始人 Reeve Collins 合作成立 STBL 公司，专注于符合 GENIUS 法案的数字美元 [1] Focus Area - STBL 专注于符合 GENIUS 法案的数字美元 [1]

Financial Performance - Circle's total revenue grew 52% year-over-year [1] - USDC in circulation grew 90% year-over-year to the end of Q2 [6] - USDC year-to-date growth was 49% [7] Stablecoin and Treasury Market - Stablecoins need to be backed by something, typically treasuries [10] - The advent of stablecoins could boost the treasury market because more people will need to buy treasuries to back the stablecoins [10] - Stablecoin money is going to be a very safe, fully reserved form of money [12] Future Growth and Market Outlook - Analysts estimate stablecoin money growth (CAGR) ranges from 25% to 90%, with an average CAGR of 60% [7] - Circle would be happy to grow 40% a year [7] - The internationalization of digital dollars is a major growth driver [15] - There is global demand for holding and transacting with digital dollars [16]

Circle's Valuation and Analyst Opinion - Bernstein initiated coverage on Circle with a price target of $230, $50 higher than the current price, considering it a must-hold for investors [1] - Concerns exist regarding Circle's valuation, which has increased by 500% since its IPO earlier this month [1] Stablecoin Market and Circle's Position - Stablecoins are viewed as digital dollars on the internet, evolving from a money rail for crypto to a broader internet money rail with implications for payments and financial services [3] - The stablecoin market is projected to grow from $225 billion to $4 trillion over the next decade, based on use cases in crypto, tokenized capital markets, payments, and financial services [4] - Circle, once the Genius Act is passed, is expected to be the largest regulated stablecoin, providing it with a regulatory edge and a significant head start over competitors due to its $61 billion of liquidity [4][5] Circle's Business Model and Revenue Streams - Stablecoins are now defined as payment stablecoins, 100% backed by demand deposits, bank deposits, repos, and US Treasuries, ensuring they maintain a 1:1 peg to the dollar [8] - Circle generates revenue by holding the yield against its stablecoin collateral and enabling infrastructure for the broader ecosystem, facilitating the use of digital dollars for payments and financial services [9] - Circle's revenue streams include float income, influenced by the rate environment, and fee income from the Circle payments network, which is expected to grow over the next 5-10 years [10] Future Growth and Demand - The total demand for stablecoins, driven by various use cases, is expected to offset potential declines in float income due to rate decreases [11][12] - The conviction in Circle's potential stems from the overall demand for stablecoins and the bottom-up industry demand [12]