What should I do?
On May 19th, the US Senate passed the procedural legislation of the “GENIUS Act for Guiding and Establishing the National Innovation of Stablecoins” (referred to as the “Genius Act”) by a significant margin of 66 votes to 32.
This is a new currency war!
The United States hopes that the US dollar can sustain its debt through stablecoins, a type of digital cryptocurrency, and continue to provide support for the dollar’s hegemony. Nowadays, many people in the market are talking about this matter, but most of the viewpoints are completely wrong. Today, I’ll tell you what the correct logic is?
Everyone has remembered that there are two logics.
First of all, stablecoins are going to take over the already fattened cryptocurrency market.