The Stablecoin Act is a movement to clear the door to native DeFi stablecoins and many existing fiat stablecoins. It's time to close the net.
USDC, a "semi-compliant" fiat currency stablecoin, also has an extremely shallow moat and is also facing a dimensionality reduction blow.
Circle is in a hurry to talk about the overall sale of Coinbase and Ripple.
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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