Analyst: After the passage of the "GENIUS Act," compliant stablecoins may become a significant source of demand for short-term U.S. Treasury bonds.

律动Jun 18, 2025
#Macro
BlockBeats reports that on June 18th, brokerage firm Canaccord stated in a research report on Wednesday that broader prospects for stablecoins (cryptocurrencies pegged to other assets) have so far been difficult to realize due to regulatory uncertainties. However, the U.S. Senate's passage of the GENIUS Act changes everything. The full name of the act is the "Guidance and Establishment of National Innovation for US Stablecoins Act," aiming to bring stablecoin innovation back to the United States. The report notes that winning Senate support is much harder than securing support from the House of Representatives. Given the bipartisan backing of the act, stablecoin legislation in the U.S. is now within reach.

Analysts indicate that the prospects for stablecoins beyond crypto trading pairs may soon emerge, as compliant stablecoins are effectively regarded by the U.S. government as equivalent to cash. Given the requirement for full backing, compliant stablecoins may become a significant demand source for short-term U.S. Treasury securities. As the use of stablecoins meeting GENIUS standards expands cross-border, they could become a driving force behind the global economic dollarization.

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Analyst: After the passage of the "GENIUS Act," compliant stablecoins may become a significant source of demand for short-term U.S. Treasury bonds.

律动Jun 18, 2025
#Macro
BlockBeats reports that on June 18th, brokerage firm Canaccord stated in a research report on Wednesday that broader prospects for stablecoins (cryptocurrencies pegged to other assets) have so far been difficult to realize due to regulatory uncertainties. However, the U.S. Senate's passage of the GENIUS Act changes everything. The full name of the act is the "Guidance and Establishment of National Innovation for US Stablecoins Act," aiming to bring stablecoin innovation back to the United States. The report notes that winning Senate support is much harder than securing support from the House of Representatives. Given the bipartisan backing of the act, stablecoin legislation in the U.S. is now within reach.

Analysts indicate that the prospects for stablecoins beyond crypto trading pairs may soon emerge, as compliant stablecoins are effectively regarded by the U.S. government as equivalent to cash. Given the requirement for full backing, compliant stablecoins may become a significant demand source for short-term U.S. Treasury securities. As the use of stablecoins meeting GENIUS standards expands cross-border, they could become a driving force behind the global economic dollarization.

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