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Canaccord Genuity: Compliant Stablecoins to Become Internet Currency Layer
Summary: According to Canaccord Genuity, with the US Senate passing the 'GENIUS Stablecoin Act', compliant stablecoins are set to become the 'internet currency layer'. Analysts believe that the passage of this act eliminates regulatory uncertainty, allowing stablecoins to break free from the constraints of crypto trading pairs and gain wider adoption. The report emphasizes that compliant ...
According to Canaccord Genuity, with the US Senate passing the 'GENIUS Stablecoin Act', compliant stablecoins are set to become the 'internet currency layer'. Analysts believe that the passage of this act eliminates regulatory uncertainty, allowing stablecoins to break free from the constraints of crypto trading pairs and gain wider adoption. The report emphasizes that compliant stablecoins are essentially considered cash equivalents by the US government, with their instant settlement and low-cost characteristics enhancing fund flow efficiency. The full reserve requirement will make stablecoins a significant source of demand for short-term US Treasuries, while also driving the global economic dollarization process. Analysts from Joseph Vafi's team believe this marks the arrival of the era of programmable currency. (CoinDesk)
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Link: Canaccord Genuity: Compliant Stablecoins to Become Internet Currency Layer [Copy]
