The GENIUS Act proposes significant changes in the use of stablecoins, viewing them as an integral part of financial infrastructure.
The Role of the GENIUS Act in Finance
The GENIUS Act emphasizes the importance of stablecoins within the cryptocurrency market by establishing them as essential financial infrastructure. The act aims to integrate stablecoins into the global financial system.
Impact on the Financial Sector
Amit Ahuja and Hugo Poncin highlight that the act opens up opportunities for fintech companies to issue their own stablecoins and implement AI-driven payment systems. This could lead to increased revenue for institutional investors from stablecoin reserves.
Prospects and Expectations
While immediate effects on market liquidity are not observed, experts view the act as significant. In the long term, it may lead to the development of regulatory frameworks and technologies within financial systems, enhancing digital transactions.
The GENIUS Act has the potential to reshape the financial landscape, providing new opportunities for stablecoins and impacting both traditional and decentralized financial systems.
