Big event: The U.S. Senate passed the GENIUS Act, and the stablecoin industry ushered in the "Age of Discovery" On May 20, the GENIUS Act, a legislative bill for stablecoins in the United States, was passed in the Senate vote, and it is still two steps before the House of Representatives votes and the president's signature before it will officially take effect. It was only a matter of time before it was officially adopted. 1/ Long-term view The bill brings regulatory clarity and compliance, which is good for the crypto industry as a whole; Traditional financial institutions and giants may come to an end, and compliant US dollar stablecoins will be further involuted; The U.S. dollar will continue to expand globally on-chain (the current total number of stablecoins is only 1.1% of the U.S. dollar supply). 2/ This is a major positive for @levelusd. First of all, unlike other yield-based stablecoins, $lvlUSD can only be minted through USDC or USDT, and there are no regulatory worries (the GENIUS Act requires a mandatory 1:1 full asset collateral for stablecoins). Second, Level, as a "revenue nesting layer" for stablecoins, will not compete with the compliant USD stablecoins that may be launched in the future, but can grow with its momentum. The current Level TVL is $180 million, and there is still room for a minimum of 30 times the growth of Ethena. Officials have also been working hard to integrate recently, such as the just-launched Steakhouse USDC vault, which is powered by Morpho and aims to strengthen the Level ecosystem. Through this vault, users can: Earn USDC borrowing yields Enjoy 5x Level XP boosts It is recommended to participate, and I have pressed my head many times. The era of discovery, which belongs to stablecoins, is coming, and we are both witnesses and participants.