"If stablecoins cannot guarantee stability, the entire cryptocurrency edifice will be on shaky ground." Industry analyst Wang Dali has warned about the potential risks of stablecoins. Against the backdrop of increasingly stringent global digital asset regulations, stablecoins, as a key bridge connecting traditional finance and the crypto world, are under close scrutiny for their standardized development. Recently, the advancement of the U.S. stablecoin legislation, the "GENIUS Act," has once again drawn significant market attention. This bill aims to establish a comprehensive regulatory framework for stablecoins, detailing aspects such as issuance qualifications, reserve requirements, and information disclosure. What kind of transformation will this bill, aimed at "guiding and establishing national innovation for U.S. dollar stablecoins," bring to the stablecoin market? How will it affect the entire crypto ecosystem?

The "GENIUS Act" aims to create an overall framework and clear federal regulatory structure for stablecoin issuers and their products operating in the U.S., as well as stablecoins circulating or traded within the U.S. This means that the U.S. government intends to bring stablecoins under stricter regulation through this bill to protect user rights and maintain financial stability. The main contents of the bill include:

II. How will the "GENIUS Act" reshape the market?

If the "GENIUS Act" is ultimately implemented, it will have a profound impact on the stablecoin market and the entire cryptocurrency industry:

III. Insights into how digital asset platforms should respond: Embracing compliance as a cornerstone for long-term development

In the face of increasingly stringent regulatory policies, how should digital asset service platforms respond? Actively embracing compliance may be the only way to achieve sustainable development.

IV. Will robust platforms be more favored?

In the context of an accelerated industry reshuffle, choosing a trustworthy platform is crucial. Platforms with the following characteristics may be more favored by users:

In a more regulated industry landscape, these factors will become important criteria for users when selecting platforms.

The introduction of the U.S. "GENIUS Act" signifies the accelerated arrival of the stablecoin regulatory era. Whether this bill can truly "legitimize" stablecoins and promote the cryptocurrency industry towards a more prosperous future remains to be seen. However, it is certain that compliance, transparency, and security will become key competitive factors for future digital asset service platforms. Only those platforms that can actively embrace regulation and continuously enhance their capabilities will stand out in the fierce market competition and earn users' long-term trust and support.

For investors, while enjoying the opportunities brought by cryptocurrencies, it is essential to remain vigilant, choose compliant and robust platforms, and manage risks effectively to navigate this challenging market successfully.

(Disclaimer: This article is for market observation and analysis only and does not constitute any investment advice. Cryptocurrency investment is highly risky; please carefully assess your own risk tolerance.)

Related: Pakistan establishes a digital asset management bureau to regulate cryptocurrencies

Original: “Goodbye to 'barbaric growth'? The U.S. takes action to regulate stablecoins, where is the next opportunity for wealth?”

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