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encryption "ChatGPT" moment
[Plain Language Guide] The "GENIUS Act" is about to bring revolutionary changes to the stablecoin market, hailed as the "ChatGPT moment" for cryptocurrency.
This legislation provides a federal regulatory framework for the $260 billion stablecoin market, ensuring 1:1 asset backing, transparent audits, and anti-money laundering compliance. Stablecoins will reshape finance, threaten traditional banking and card payment systems, while enhancing the global dominance of the dollar. Tether and USDC will fiercely compete in emerging markets and the U.S., with fintech companies poised to capitalize.
Investors can gain exposure through ETH, SOL, and others. Buckle up, the era of low-cost, instant settlement of stablecoins is about to arrive!
For details, please see: