《天才法案》有望模糊公共貨幣和私人貨幣之間的界限，有可能為梅塔發行自己的穩定幣鋪平道路。這是貨幣的未來嗎？

Meta Stablecoins, the GENIUS Act, and Crypto: A New York Minute

Meta Stablecoins，《天才法案》和加密：紐約分鐘

The GENIUS Act is making waves, potentially enabling tech giants like Meta to issue their own stablecoins. Buckle up, because this could redefine the crypto landscape.

《天才法案》正在引起浪潮，有可能使像梅塔這樣的科技巨頭髮行自己的穩定幣。扣緊，因為這可以重新定義加密貨幣景觀。

GENIUS Act: Opening the Door for Big Tech

天才法：為大型技術打開大門

The GENIUS Act, recently passed by the Senate, aims to establish a regulatory framework for stablecoins. Unlike the STABLE proposal, which favored traditional financial institutions, GENIUS expands the scope of potential issuers to include tech companies. This means companies like Meta could soon be issuing their own digital tokens, creating payment mechanisms within their massive ecosystems.

最近由參議院通過的《天才法》旨在為穩定菌建立一個監管框架。與穩定的提案不同，該提議贊成傳統的金融機構，天才擴大了潛在發行人的範圍，以包括科技公司。這意味著像Meta這樣的公司可能很快就會發行自己的數字代幣，從而在其大規模的生態系統中創建付款機制。

Meta's Stablecoin: A CBDC in Disguise?

Meta的Stablecoin：偽裝的CBDC？

Imagine Meta issuing a stablecoin. Due to Meta's massive scale, it could function similarly to a central bank digital currency (CBDC), offering uniformity and high transaction volumes. This could lead to a fragmented system in the US, where corporate ecosystems, rather than the state, drive the adoption of digital currencies. As Winston Ma from New York University points out, while China is leaning on a sovereign digital currency model, the US might end up with a similar outcome through massive corporate ecosystems.

想像一下元發行穩定的元。由於Meta的規模龐大，它的運作可能與中央銀行數字貨幣（CBDC）相似，提供統一性和高交易量。這可能會導致在美國一個零散的系統，在該系統中，公司生態系統而不是國家驅動數字貨幣的採用。正如紐約大學的溫斯頓·馬（Winston MA）指出的那樣，儘管中國傾向於主權數字貨幣模式，但美國可能會通過大規模的公司生態系統獲得類似的結果。

GENIUS vs. the World: A Global Stablecoin Showdown

天才與世界：全球Stablecoin攤牌

The GENIUS Act is being viewed as America's answer to Europe's MiCA. While MiCA supports euro-pegged stablecoins, GENIUS aims to ensure the dominance of the US dollar and dollar-pegged stablecoins in global trade. Yuriy Brisov from Digital & Analogue Partners suggests that smart regulation provides a competitive advantage, and the US is keen on maintaining its financial stronghold.

《天才法》被視為美國對歐洲雲母的回答。儘管MICA支持歐元賽車的穩定蛋白，但Genius旨在確保美元和美元固定的Stablecoins在全球貿易中的主導地位。來自Digital＆Analogue Partners的Yuriy Brisov建議SMART法規提供了競爭優勢，美國渴望維持其財務據點。

The Downside: Blurring the Lines

缺點：模糊線條

However, the GENIUS Act isn't without its potential downsides. It blurs the traditional separation between commercial enterprises and banking institutions, potentially allowing companies like Amazon or Meta to become self-sufficient financial ecosystems. This raises questions about the concentration of power and the potential for regulatory challenges.

但是，天才行為並非沒有潛在的弊端。它模糊了商業企業與銀行機構之間的傳統分離，可能允許亞馬遜或元公司等公司成為自給自足的金融生態系統。這引發了有關權力集中和監管挑戰潛力的問題。

Stablecoins and the Future of Currency

穩定幣和貨幣的未來

Can stablecoins truly function as currencies without sovereign backing? Winston Ma argues that true currency needs sovereign enforcement. Without it, a stablecoin is just an optional payment method. Yuriy Brisov counters that throughout history, money was often privately issued, and the current system is facing a crisis of centralization.

穩定劑可以真正充當無主權支持的貨幣嗎？溫斯頓·馬（Winston Ma）認為，真正的貨幣需要主權執法。沒有它，StableCoin只是一種可選的付款方式。尤里·布里斯夫（Yuriy Brisov）反駁說，在整個歷史上，錢經常被私下發行，當前的製度正面臨著集中危機。

Final Thoughts: Crypto in the City

最終想法：城市中的加密貨幣

The GENIUS Act could lead to a fascinating future where tech giants issue their own stablecoins, and the lines between public and private money become increasingly blurred. The real question is: are we ready for MetaCoin? One thing's for sure, the race is on, and it's gonna be wild!

《天才法案》可能會導致一個令人著迷的未來，技術巨頭髮行自己的穩定幣，而公共貨幣和私人貨幣之間的界限變得越來越模糊。真正的問題是：我們準備好掌握了嗎？可以肯定的是，比賽已經開始，這將是瘋狂的！