The Senate just passed the GENIUS Act: a landmark move for stablecoins and digital dollar infrastructure. It permits only licensed issuers (banks or qualified non-banks) to create USD-backed stablecoins, mandates 1:1 reserve backing in cash or T-bills, and enforces audits, AML/KYC compliance, and regulatory oversight. This isn’t regulatory housekeeping. It’s a deliberate funneling of stablecoins into transparent, dollar-aligned rails. 🟢 Winners: > @Circle ( @USDC ): Already compliant. Fully reserved. Transparent. Stock jumped 7%. Ready for institutional demand and fintech integration. > Banks & Regulated Fintechs (e.g. @stripe ): Can now tokenize deposits, issue compliant stablecoins, and power programmable finance. > Treasury Markets: Stablecoin issuers will add stable demand for T-bills, supporting U.S. debt markets. 🔴 Losers: > @Tether_to ( $USDT ): Lacks public audits, doesn’t hold only cash-equivalent reserves. Risks being locked out of U.S. markets unless it restructures. > Offshore Issuers: Must now comply or lose access to U.S. users and partners. The U.S. just laid the foundation for digital dollar infrastructure without a CBDC. It’s private issuance with public oversight. Programmable, regulated, and deeply integrated. 🔥