The United States Stablecoin Act (Genius act) in-depth analysis #web3 #usdt #stablecoin #btc #crypto #cryptocurrency

Recently, the United States dropped a bombshell in the cryptocurrency field, which is the highly anticipated "Stablecoin Solution". This is not a small fuss, it affects many nerves such as cryptocurrency, Web3, global financial markets, and even Sino-US relations. Today, let’s talk about what this bill is? Why does it appear? Where will we take? Ask in-depth questions and trigger thinking Before formal and in-depth interpretation, I would like to raise a few questions first and guide everyone to think together: Where does the bill come from? What exactly is the reason that makes the US government so urgently introduce a stablecoin bill? What pain points does it want to solve? What is the impact? What impact will this bill have on the current cryptocurrency ecosystem, especially DeFi and Web3? What kind of reshuffle will stablecoin issuers face? Financial shock? What will the impact of the traditional US financial system, including the stock market, US bonds, and overall financial stability? Is it an opportunity or a challenge? Global chess game? How will this bill affect the U.S. leadership in the global digital currency field? How will it play in the competition between China and the United States? Changes in the currency circle? What trends and impacts will this bill bring about Bitcoin (BTC) and various altcoins that we are most concerned about? Can the bull market continue? Deep consideration? Behind this bill, besides superficial reasons, are there deeper economic, political and strategic considerations hidden? What unexpected consequences may it bring?