🏦 Stablecoin Wars: The GENIUS Act Sparks Debate
The newly passed GENIUS Act requires stablecoins to be 100% backed by cash or U.S. Treasuries, ensuring trust and transparency.
But here’s the twist: a loophole lets crypto exchanges offer “rewards” similar to interest, which has triggered pushback from banks.
👉 Expect a trillion-dollar $USDT showdown between banks vs. stablecoins in the coming months.
XRP
2.0664
-4.80%
ETH
3,353.96
-1.08%
BTC
92,195.94
-2.19%
