Stable Summit 🦫
Stable Summit 🦫
USDC-1.07%
SOL-0.31%
The GENIUS Act just reshaped the future of stablecoins. That act is the clearest sign that stablecoins are moving to the center of U.S. monetary infrastructure. Let’s unpack why “Stablecoin Summer” might just be real this time ↓
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TL;DR: The U.S. just took a major step toward stablecoin formalization. • Senate passes GENIUS Act with bipartisan support • Clear rules for fiat-backed stablecoins • Bank + non-bank issuers permitted • Circle’s model validated at scale • Traditional rails repriced (Visa, Mastercard) • Stablecoins positioned as regulated payment infrastructure
The GENIUS Act brings legitimacy + clarity. The Guiding and Establishing National Innovation for U.S. Stablecoins Act is the first U.S. federal framework focuses entirely on fiat-backed stablecoins, defining the future of tokenized dollars.
GENIUS finally lays down what institutions were waiting for: • Who can issue (banks and non-banks) • What can back it (cash, T-bills, HQLA) • Who regulates it (OCC, Fed, states) • How it’s audited (monthly disclosures + annual third-party reviews)
TFTC
TFTC
The GENIUS Act Summarized
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Markets saw it first @Circle (+33%) @Coinbase (+16%) @JPMorgan issued tokenized deposits @Visa, @Mastercard, @PayPal all fell ~5% GENIUS made it clear: the new money stack is here.
The dollar’s new rails GENIUS turns stablecoins into passive dollar demand engines: As adoption scales, issuers must hold more short-term Treasuries. Result? A global distribution layer for the dollar, reinforced by private infrastructure.
Treasury Secretary Scott Bessent
Treasury Secretary Scott Bessent
Crypto is not a threat to the dollar. In fact, stablecoins can reinforce dollar supremacy. Digital assets are one of the most important phenomena in the world right now, yet they have been ignored by national governments for far too long. This administration is committed to establishing the United States as a hub for digital asset innovation, and the GENIUS Act moves us one step closer to that goal.
Not the end of TradFi Visa and Mastercard aren’t going away. But their role is shifting: • Visa is testing $USDC payouts on @Solana • Mastercard is piloting a multi-token network for stablecoins & CBDCs • JPMorgan launched JPMD on @Base Stabelcoins are becoming a norm now.
CryptosRus
CryptosRus
📉 LATEST: Visa & Mastercard dropped ~5% today after reports Amazon, Walmart & others are looking at stablecoins — just as the GENIUS Act opened the door. Why the panic? Stablecoins can cut payment costs by up to 85%, bypassing card networks entirely. That’s a huge threat to Visa and Mastercard—they're in danger of losing massive fee revenue if stablecoins go mainstream.
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If stablecoins become systemically large (read: $2T+ market cap): Expect: • Liquidity stress testing • Redemption gates • Emergency backstops Not because of credit risk but liquidity risk at scale. Stablecoins may become the non-bank SIFIs of this decade.
Why this moment matters GENIUS may be the U.S.'s most consequential monetary bill in decades not for what it restricts, but for what it enables. It gives founders, fintechs, and institutions a green light to rebuild the payment stack from first principles onchain.
Jeremy Allaire - jda.eth / jdallaire.sol
Jeremy Allaire - jda.eth / jdallaire.sol
100%. Let’s get this done!
This Stablecoin Summer we shall have: • Legal clarity ✅ • Institutional appetite ✅ • Public-private infra convergence ✅
Stable School is our ongoing look at stablecoins, infrastructure, and regulation. Follow along to never miss the next thing:
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