Genius Act，Banking Rip-Off和Multicoin Exec：Stablecoins的新時代？

天才是傳統銀行業的終點的開始嗎？多功能資本高管這樣認為。深入了解Stablecoins和銀行業中斷的未來。

The GENIUS Act is shaking things up, and a Multicoin Capital exec is calling out banks for a potential 'banking rip-off.' Here's the lowdown on what's happening.

《天才法案》正在振作起來，一名多功能資本高管正在呼籲銀行潛在的“銀行業”。這是正在發生的事情的低點。

The GENIUS Act: A Game Changer?

天才法案：改變遊戲規則的人？

Enacted in July, the GENIUS Act, focused on stablecoins, might trigger a massive shift of deposits from traditional banks to higher-yield stablecoins. Tushar Jain, co-founder of Multicoin Capital, believes this is just the beginning of the end for banks ripping off retail depositors with minimal interest. According to Jain, Big Tech companies like Meta, Google, and Apple could start competing with banks for retail deposits, offering better stablecoin yields and a superior user experience with instant settlement and 24/7 payments.

Genius Act於7月頒布，專注於Stablecoins，可能會引發從傳統銀行轉移到更高收益的穩定股的大規模轉變。 Multicoin Capital的聯合創始人Tushar Jain認為，這只是銀行以最少的利息剝奪零售存款人的結局。根據Jain的說法，像Meta，Google和Apple這樣的大型科技公司可以開始與銀行競爭零售存款，提供更好的Stablecoin收益率，以及具有即時和解和24/7付款的卓越用戶體驗。

Banking Groups Fight Back

銀行集團反擊

Banking groups are already worried, attempting to protect their profits by urging regulators to close a loophole that allows stablecoin issuers to pay interest or yields through affiliated businesses. The GENIUS Act prohibits issuers from directly offering interest but doesn't extend the ban to exchanges or affiliates.

銀行集團已經擔心，試圖通過敦促監管機構關閉漏洞來保護其利潤，該漏洞使Stablecoin發行人能夠通過關聯公司支付利息或收益率。 《天才法》禁止發行人直接提供利息，但並未將禁令擴大到交換或分支機構。

The $6.6 Trillion Exodus

6.6萬億美元出埃及記

The US Department of the Treasury estimates that mass stablecoin adoption could trigger a staggering $6.6 trillion in deposit outflows from the traditional banking system. This could lead to greater deposit flight risk, undermining credit creation, increasing interest rates, and raising costs for businesses and households, according to the Bank Policy Institute.

美國財政部估計，大規模穩定的採用可能會引發驚人的6.6萬億美元的存款流出，從傳統的銀行系統中流出。據銀行政策研究所稱，這可能會導致更大的存款飛行風險，破壞信貸創造，利率提高以及企業和家庭成本提高。

Stablecoins vs. Traditional Savings

Stablecoins與傳統儲蓄

While average interest rates for US savings accounts hover around 0.40%, stablecoins like Tether (USDT) and Circle’s USDC (USDC) offer rates as high as 4.02% and 3.69% on platforms like Aave. No wonder people are taking notice.

儘管美國儲蓄賬戶的平均利率徘徊在0.40％左右，但Tether（USDT）和Circle的USDC（USDC）等Stablecoins在AAVE等平台上提供了高達4.02％和3.69％的利率。難怪人們會注意到。

Big Tech Eyes Stablecoins

大技術穩定的眼睛

Companies like Apple, Google, Airbnb, and X are exploring issuing stablecoins to lower fees and improve cross-border payments. While there haven't been recent developments, the potential is definitely there.

蘋果，Google，Airbnb和X等公司正在探索發行穩定的公司以降低費用並改善跨境支付。雖然沒有最近的發展，但潛力肯定存在。

SmartDeFi™ and GENIUS Act Compliance

SmartDefi™和Genius Act合規性

SmartDeFi™, a next-generation token launchpad, now supports project creators pairing their tokens with stablecoins that meet GENIUS Act standards, such as $USDC. This provides creators with flexibility and compliance-ready options while maintaining transparency and on-chain control.

SmartDefi™是下一代代幣啟動板，現在支持項目創建者將令牌與符合Genius Act標準（例如$ USDC）配對的代幣。這為創建者提供了靈活性和合規性選項，同時保持透明度和鍊鍊控制。

My Take: The Future is Here

我的看法：未來在這裡

The GENIUS Act is more than just a bill; it's a catalyst for change. While the banks scramble to protect their outdated business models, stablecoins are offering a glimpse into a future where finance is more accessible and rewarding for everyone. The numbers don't lie - stablecoins offer much better rates. If the predictions about deposit outflows come true, traditional banking may be forced to innovate or risk obsolescence. And with Big Tech circling, the race is on.

《天才法》不僅僅是一項法案。這是變化的催化劑。儘管銀行爭先恐後地保護其過時的商業模式，但Stablecoins卻瞥見了未來的財務更容易獲得，並為每個人帶來了回報。數字不撒謊 - 穩定幣提供更好的價格。如果關於存款流出的預測成真，則傳統銀行業可能會被迫進行創新或風險過時。隨著大型技術盤旋，比賽就開始了。

So, what does it all mean? Buckle up, buttercups! It looks like the world of finance is about to get a whole lot more interesting. Maybe it’s time to stash some cash in stablecoins. Or not. I'm not your financial advisor. Just thinking out loud here.

那麼，這意味著什麼？係好，毛cup！看來金融世界將變得更加有趣。也許是時候將一些現金存入穩定的了。或不。我不是你的財務顧問。只是在這里大聲思考。