2025-12-29 19:21:44

I heard that the Senate is expected to review the "CLARITY Act" as early as January this year, and the White House's cryptocurrency affairs head has already confirmed this schedule. After 43 days of government shutdown turmoil, this development is truly a bright spot.

The real highlight is here: the "GENIUS Act" requires stablecoins to be pegged to U.S. Treasury bonds at a 1:1 ratio. It sounds simple, but this rule could trigger a huge wave of demand for government bonds—just think, stablecoin issuers will need to accumulate U.S. Treasuries to back their coins.

Data speaks volumes. The current stablecoin market size is about $234 billion, but it is expected to soar to $2 trillion by 2028. What does this mean? Institutions issuing stablecoins could potentially become among the top five holders of U.S. debt. Large banks like JPMorgan Chase are already laying out infrastructure, and even the Federal Deposit Insurance Corporation (FDIC) has proactively proposed streamlining the application process for compliant issuers—truly paving the way for the entire industry.

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YieldWhisperer

· 3h ago

Wait, 1:1 pegged to US bonds? Isn't this essentially turning stablecoins into government bond funds... The dog coins are trembling How many government bonds do USDC need to stockpile? Is this indirectly rescuing the US? JPMorgan has also gotten involved, hmm... this matter isn't that simple A 2 trillion market, if this continues, it will be ridiculous Will government bonds become the new liquidity mining? But on the other hand... This wave of regulation really wants to make traditional finance consume cryptocurrencies I've said it before, stablecoins are the Trojan horse of fiat currency

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TokenDustCollector

· 3h ago

1:1 Peg to government bonds? Isn't this just a disguised way for stablecoins to rely on the government? This move by the US is really clever. Wait, stablecoins worth 2 trillion need to pile up government bonds... Is this prolonging the life of US debt or paving the way for crypto? JPMorgan has already stepped in, indicating that this plan has been decided long ago, and retail investors are just starting to discuss it. The key point is that FDIC has proactively simplified the process? Is this real? It doesn't feel quite right. For stablecoins to become one of the top five creditors of the US, the logic is a bit absurd, but it also seems to make sense... 1:1 peg sounds safe, but in reality, it means completely integrating stablecoins into the existing financial system, leaving no room for decentralization. Back in January this year, the pace was really fast, but it feels like the behind-the-scenes operations have already been almost finalized. The demand for government bonds has increased, so issuing stablecoins means they have to buy them. This is essentially forcing a blood transfusion into US debt. So basically, the US is still harvesting crypto, domesticated wild armies into debt holders.

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TooScaredToSell

· 3h ago

Another US bond-backed stablecoin, this move feels a bit like digging a gold mine for TradFi. Oh my, reaching 2 trillion by 2028? Banks are all smiling and counting their money. Wait, isn't this essentially allowing the Federal Reserve to control stablecoins? I'm starting to feel a bit uneasy. 1:1 pegged to government bonds... sounds good, but it just feels like we're about to get cut again. JPMorgan has been planning this for a while, while retail investors are still busy posting on social media. If this policy passes, will stablecoins still have any decentralization left? I'm a bit scared; it feels like once the rules are out, small coins will have no chance to survive. Has anyone calculated what this means for USDC and USDT? Ultimately, it's just TradFi wanting to control crypto, just a name change. This is the real big money move; we can only watch the show.

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