國會正在對Stablecoins採取行動，而加密世界正在觀看。降低最新立法的潛在影響。

Stablecoin Showdown: Congress Bill, Crypto, and the Future of Finance

Stablecoin攤牌：國會法案，加密和財務未來

The crypto world is buzzing! Congress is finally stepping up to the plate with a bill to regulate stablecoins, potentially reshaping the future of digital finance. What does this mean for you? Let's dive in.

加密世界正在嗡嗡作響！國會終於通過一項法案來規範穩定幣，可能重塑數字融資的未來。這對您意味著什麼？讓我們潛水。

The GENIUS Act: A New Era for Stablecoins?

《天才法》：stablecoins的新時代？

Hold onto your hats, folks! The Senate just passed the GENIUS Act (Guiding and Establishing National Innovation for US Stablecoins) with a 63-30 vote. This landmark legislation aims to create a federal framework for stablecoins, those cryptocurrencies designed to maintain a stable value relative to a fiat currency like the US dollar.

抓住你的帽子，伙計們！參議院剛剛以63票對30票通過了《天才法》（指導和建立國家創新）。這項具有里程碑意義的立法旨在為Stablecoins創建一個聯邦框架，這些加密貨幣旨在保持相對於美元（如Dollar）保持穩定的價值。

Think of it this way: stablecoins want to be the reliable workhorses of the crypto world, not the wild stallions like Bitcoin. The GENIUS Act outlines requirements for issuing stablecoins, including backing each coin with safe assets at a 1:1 ratio. Issuers must hold reserves in coins, currency, government money market funds, and other super-liquid assets. Monthly reserve disclosures and anti-money-laundering compliance are also part of the deal.

這樣想：Stablecoins希望成為加密貨幣世界的可靠工作主場，而不是像比特幣這樣的野馬。 《天才法》概述了發行穩定幣的要求，包括以1：1的比例來支持每個硬幣。發行人必須持有硬幣，貨幣，政府貨幣市場基金和其他超級流動資產的儲備。每月的儲備披露和反洗錢合規性也是該交易的一部分。

Who's Getting in on the Stablecoin Action?

誰在進行Stablecoin動作？

Turns out, it's not just crypto nerds anymore. Big names in the S&P 500 are starting to take notice. Meta and Walmart are exploring stablecoins to streamline payments and cut down on transaction fees. Traditional payment giants like Mastercard and Visa have been integrating stablecoins into their systems for years, developing blockchain tech for settlement in stablecoins like USD Coin.

事實證明，不僅僅是加密書呆子。標準普爾500指數中的知名人士開始引起注意。 Meta和Walmart正在探索Stablecoins以簡化付款並減少交易費用。多年來，MasterCard和Visa等傳統付款巨頭一直將Stablecoins整合到他們的系統中，開發了在USD Coin等Stablecoins中的區塊鏈技術來解決。

Trump's Crypto Connection

特朗普的加密聯繫

Speaking of big names, former President Trump has been a vocal supporter of digital assets, even launching a stablecoin called USD1 through World Liberty Financial. Mark Cuban even speculates that Trump's new smartphone might include a built-in crypto wallet for his memecoin and USD1. Love him or hate him, Trump's involvement highlights the growing mainstream acceptance of crypto.

說到大牌，前總統特朗普一直是數字資產的聲音支持者，甚至通過世界自由金融推出了一個名為USD1的穩定者。馬克·古巴（Mark Cuban）甚至推測，特朗普的新智能手機可能包括一個內置的加密貨幣錢包，用於他的成員和USD1。愛他或恨他，特朗普的參與強調了對加密貨幣的越來越多的主流接受。

Tokenized Treasurys: A New Challenger Approaches

代幣化的財政部：一種新的挑戰者方法

While stablecoins have been the dominant force in tokenized real-world assets (RWAs), a new contender is emerging: tokenized US Treasury funds. BlackRock's Institutional Digital Liquidity Fund (BUIDL) is leading the charge, holding a significant chunk of the tokenized Treasurys market. Crypto exchanges like Deribit and Crypto.com are even accepting BUIDL as trading collateral, making it easier for institutional traders to leverage their positions.

儘管Stablecoins一直是代幣化的現實世界資產（RWAS）的主要力量，但新的競爭者正在出現：象徵美國財政基金。貝萊德（Blackrock）的機構數字流動性基金（BUIDL）正在領導該指控，並擁有大量令牌化財政部市場。諸如Deribit和Crypto.com之類的加密交易所甚至接受Buidl作為交易抵押品，使機構交易者更容易利用其職位。

Tokenized Treasurys offer a yield-bearing alternative to traditional stablecoins, reflecting the growing integration of crypto with traditional finance. However, concerns about centralization persist, as a few major players like BlackRock and Franklin Templeton control a large share of the market.

令牌化的財政部提供了傳統穩定的遺產替代品，這反映了加密貨幣與傳統金融的融合。但是，對集中化的擔憂仍然存在，因為貝萊德（Blackrock）和富蘭克林·鄧普頓（Franklin Templeton）等主要參與者控制著大量市場。

Potential Pitfalls and Future Trends

潛在的陷阱和未來趨勢

All this stablecoin action could have some interesting side effects. An increase in stablecoin use could drive up demand for Treasurys as issuers build up their reserves. This could lead to a steepening of the yield curve and increased volatility in the Treasury market. Bank of America even predicts that every dollar that leaves traditional banks for stablecoins will lead to $0.90 of incremental demand for US Treasurys.

所有這些Stablecoin動作可能會產生一些有趣的副作用。隨著發行人建立儲量，穩定使用的使用增加可能會提高對財政部的需求。這可能會導致收益曲線的陡峭趨勢和國庫市場的波動增加。美國銀行甚至預測，每一美元留下傳統銀行的Stablecoins，將導緻美國財政部的0.90美元增量需求。

The Bottom Line

底線

The stablecoin landscape is evolving rapidly, with Congress, major corporations, and even politicians getting involved. Whether you're a crypto enthusiast or a Wall Street whale, it's time to pay attention. The GENIUS Act could be a game-changer, paving the way for wider adoption of stablecoins and transforming the future of finance.

國會，主要公司甚至政客參與其中，Stablecoin景觀正在迅速發展。無論您是加密愛好者還是華爾街鯨，都該關注了。 《天才法案》可能是改變遊戲規則的人，為更廣泛的採用穩定幣鋪平了道路，並改變了財務的未來。

So, buckle up, buttercups! The ride's just getting started. Who knows, maybe one day we'll all be paying for our lattes with stablecoins. Or maybe we'll all be rich from meme coins. Only time will tell!

所以，扣緊，毛cup！這次旅程才剛剛開始。誰知道，也許有一天我們都會用stablecoins付款。或者，也許我們都會從模因硬幣中變得有錢。只有時間會證明！