Does the passage of this stablecoin bill mean that AMPL is completely out of play?
Genius, the stablecoin bill, has made progress, and many analysis posts have listed related stablecoin concept coins, such as Ethena, Sky, Liquity, Aave, etc. In fact, if Genius is formally enacted, none of the above items will meet the compliance requirements of the law, but will introduce Trafi institutions to compete and make the market more red. The Genius Act is actually negative for most decentralized stablecoin projects, not positive.
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