المستشار_G_R

$BNB This development coincides with the passage of the American GENIUS Act, a comprehensive bill for stablecoins, which is expected to enhance the use of digital dollars by integrating the speed and predictability of blockchain technology into the traditional banking system. JPMorgan strategists expect competition in this space to intensify. Stable BNB coins could reduce banks' demand for treasury bonds, potentially affecting credit growth. Money market funds, which invest in short-term debt securities such as treasury bills, could be directly impacted. Before the enactment of the GENIUS Act, Peter Crane, a money market expert and head of Crane Data, noted that the sector is monitoring the stablecoin market for its potential impact on treasury market liquidity, although he believes these concerns are likely exaggerated unless the stablecoin market expands significantly. Although stablecoins pose a challenge to money market funds, the GENIUS Act could ultimately benefit both sectors by opening up more pathways for the token market, according to Solomon Tsfai of Aptos Labs. Michael Sonnenshein, CEO of the tokenization-focused company Securitize, told the Wall Street Journal that the GENIUS Act will encourage more companies to adopt tokenization without fear of regulatory repercussions. He noted that asset issuers hesitant to fully engage with tokenized securities are now receiving additional support. The tokenization of real-world assets (RWA), particularly private credit and U.S. treasury bonds, has emerged as one of the most important uses of blockchain technology this year. Excluding stablecoins, tokenized real assets have grown into a $25 billion market across 256 issuers, according to sector data. Tsfai envisions a future where real assets expand to include more complex asset classes, such as financial derivatives, intellectual property, or obscure asset classes.$BNB