"The Genius Act" Sparks a Stablecoin Issuance Boom, But Expansion in Practical Use Cases Faces Numerous Challenges
According to the 36Kr News App, a new U.S. law has established the first regulatory rules for stablecoins in history. Financial companies, from Wall Street giant Bank of America (BAC.US) to small and medium-sized U.S. business bank Fiserv (FI.US), are preparing to launch their own dollar-based "on-chain finance" systems. However, some digital asset experts warn that the future road of stablecoins and "on-chain finance" may not be simple.
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