The passing of the GENIUS Act in Congress is monumental.
The GENIUS Act guarantees that:
1 - Stablecoins will be accessible in every App
2 - There will be many more stablecoins
But, accessibility ≠ widespread adoption
Here are the things people aren’t thinking about 🧵
What the GENIUS Act actually does:
✓ Creates a federal framework for USD-backed stables
✓ Authorizes oversight by @USTreasury
✓ Sets clear rules: reserves, redemptions, disclosures, licensing
✓ Bans yield - separating stables from “stable instruments”
This is a reset.
Distribution of the technology isn’t the blocker anymore.
USDC is native on 22 chains. USDT is on 50.
(not counting bridges).
There are 5,184 possible sender → recipient paths using just USDC and USDT
In 2 years, today’s technical fragmentation will feel comically manageable.
Here’s the problem:
I’ve got USDC on ETH
You want USDT on SOL
To make that happen, I’d have to:
↳ Buy ETH for gas
↳ Swap USDC → USDT (paying ETH fees)
↳ Bridge USDT to Solana
↳ Buy SOL for gas
↳ Finally send the payment (paying SOL fees)
NOBODY is doing all that to send money to a friend
Widespread adoption requires incredible UX
At @zerohashx we’ve been building for this moment for 8 years.
We power the movement of value across:
✓ Any asset
✓ Any chain
✓ Anywhere in the world
Our job is simple:
Make all this usable.
Here’s how we do it (& some of the people we do it for):
Pay & Payouts → @stripe, @Shift4
Account Funding → @Kalshi, @tastytrade
Ramps → @moonpay, @Transak, @SimplexCC
Remittances → @lightspark, @Felixpago
Tokenization → @Securitize, @BlackRock, @FTI_US, @joinrepublic
We see cryptography as a technology - not an asset class.
What does that mean?
Here are a few examples ↓
13.56K
0
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.