是時候讓穩定幣再次出色了 - 除非您束縛。

全球最大的Stablecoin擁有$ 120B的市值，在美國參議院搬家介紹Genius Stablecoin法案後，它看起來可能會被絞死。

The world’s largest stablecoin, with a $120B market cap, looks like it could be left hanging after the US Senate moved to introduce the GENIUS stablecoin bill.

全球最大的Stablecoin擁有$ 120B的市值，在美國參議院搬家介紹Genius Stablecoin法案後，它看起來可能會被絞死。

The bill focuses heavily on improving protections for US consumers, and edges the playing field for US-domiciled stablecoin issuers like Ripple (stablecoin: $RLUSD) and Circle (stablecoin: $USDC).

該法案重點側重於改善美國消費者的保護，並為USCOMICIED Stablecoin發行人（例如Ripple（Stablecoin：$ rlusd））和Circle（Stablecoin：$ usdc）等競爭環境。

But Tether is currently based in El Salvador. So what does the bill mean for $USDT – and the pile of $BTC and other cryptos Tether uses to support its industry-leading stablecoin?

但是Tether目前位於薩爾瓦多。那麼，該法案對$ USDT意味著什麼？$ BTC和其他加密貨幣的堆用於支持其行業領先的Stablecoin？

Time to dig into the details of the Crypto President’s latest push – and why crypto presales like Meme Index might give investors an advantage amid a rapidly-changing crypto economy.

是時候挖掘加密貨幣總統最新推動的細節了，以及為什麼像Meme指數這樣的加密預售可能會在迅速變化的加密經濟中給投資者帶來優勢。

GENIUS Bill: ‘America First’ for Stablecoins?

天才法案：穩定幣的“美國首先”？

The GENIUS Act gives preference to US-based stablecoins and has been met with mixed reviews, both positive and negative.

《天才法案》偏愛基於美國的穩定蛋白，並以正面和負面的評論遇到混合評論。

Negatively, the bill proposes to bring stablecoins firmly under the oversight of the Federal Reserve:

否定地，該法案提議將穩定幣堅定地受到美聯儲的監督：

For crypto purists, this goes against the decentralized nature of cryptocurrencies, but it should clear up some jurisdiction issues, at least.

對於加密純粹主義者來說，這違背了加密貨幣的分散性質，但至少應該清除某些管轄權問題。

On the positive side, the bill ‘secures stablecoin issuers’ ability to choose between state and national charters,’ providing two possible frameworks, at least for stablecoins with a total market cap under $10B.

從積極的一面來看，該法案“確保了Stablecoin發行人在州和國家憲章之間進行選擇的能力，”提供了兩個可能的框架，至少對於總市值低於$ 10B的Stablecoins提供了兩個可能的框架。

That possibility dramatically increases the power of US state authorities to regulate smaller stablecoins largely independently. The bill even includes a waiver process that would allow larger stablecoin issuers, or stablecoins that grow beyond the $10B threshold to remain under state control.

這種可能性大大增加了美國國家當局在很大程度上獨立規範較小的穩定的權力。該法案甚至包括一個豁免程序，該程序將允許更大的Stablecoin發行人或超出$ 10B閾值的STABLECOIN保持在國家控制之下。

Is an era of US state-back stablecoins about to emerge? Is anyone up for some California USD – $CAUSD, perhaps?

美國國家後衛穩定的時代即將出現嗎？有人為加利福尼亞的一些人 - 也許是$原因嗎？

Can $USDT Adjust to Changing Rules?

$ USDT可以適應不斷變化的規則嗎？

Reporting on the initial framework included mention of a JP Morgan analysis, which concluded that Tether might be forced to sell some of its assets to include more GENIUS-compliant assets, including US Treasury bills, to fully back its $USDT tokens.

關於最初框架的報告包括提到JP Morgan分析，該分析得出結論，可能被迫出售其一些資產，以包括包括美國國債賬單在內的更多符合天才的資產，以完全支持其$ USDT代幣。

Tether downplayed the problem on social media, calling JP Morgan ‘salty’ that it didn’t buy $BTC cheap. Tether currently holds over 94K $BTC valued at $7.6B, per Arkham Intelligence.

Tether在社交媒體上輕描淡寫了這個問題，稱JP Morgan“ Salty”並沒有購買$ BTC便宜。 Tether目前持有每Arkham Intelligence的94K $ BTC，價值7.6B美元。

Tether’s own reports on its Q4 2024 performance note that the company already holds over $94.4B in US treasuries, either directly or indirectly.

Tether自己關於其第四季度2024年績效的報告指出，該公司已直接或間接地持有美國國債超過94.4B的股份。

Only a week ago, Tether finally announced the appointment of Simon McWilliams as CFO with the remit to undertake a full audit of the company. It’s a move the company had previously neglected to take.

僅在一周前，特ether終於宣布任命西蒙·麥克威廉姆斯（Simon McWilliams）為CFO，並將對公司進行全面審核。該公司以前忽略了這一舉動。

There’s also a distinct element of control in the GENIUS draft. The bill would require stablecoin issuers to be able to control payments in their own stablecoins, including stopping them if required (better interpreted as ‘if ordered’), and to identify accounts and account holders.

天才草稿中還有一個獨特的控制元素。該法案將要求Stablecoin發行人能夠控制自己的Stablecoins付款，包括在需要時停止付款（更好地解釋為“如果訂購”），並確定帳戶和帳戶持有人。

Or put a different way, by setting up both federal and state charters, the bill gives each set of US authorities the power, even the requirement, to control stablecoins as digital assets within their jurisdiction.

或通過建立聯邦和州憲章的不同方式，該法案賦予美國當局的每一組政府，甚至要求要求將穩定的人控製作為其管轄範圍內的數字資產。

Meme Index: Adjust Your Memecoin Investment Strategy

模因索引：調整您的Memecoin投資策略

The memecoin market remains popular, with a $45B market cap, and investors are constantly searching for the newest and best meme coins to buy.

Memecoin市場仍然很受歡迎，其市值為45B美元，投資者不斷尋找最新，最佳的Meme硬幣。

But navigating a market with thousands of tokens, where new meme coins come and go each day, is a challenge for all but the most dedicated traders.

但是，對於每天新的模因硬幣來駛來的成千上萬的代幣市場，這是所有人對最敬業的商人以外的所有人的挑戰。

Meme Index provides a solution to the same problem Tether faces; adjusting to changing markets and regulations on the fly.

模因索引為繫繩面提供了解決方案；適應不斷變化的市場和法規。

$MEMEX holders can allocate their tokens to one of four different memecoin indexes – Meme Frenzy, Meme Midcap, Meme Moonshot, and Meme Titan. Each index is tailored to a different level of risk and volatility, letting you adapt your investment strategy in light of market changes.

$ MEMEX持有人可以將其令牌分配給四個不同的Memecoin索引之一 - Meme Frenzy，Meme Midcap，Meme Moonshot和Meme Titan。每個指數的風險和波動性水平不同，使您根據市場變化來適應投資策略。

Do your own research, of course; none of this is financial advice, and the crypto market is always volatile. But don’t underestimate the power of Meme Index to adjust your portfolio as the market moves.

當然要進行自己的研究；這些都不是財務建議，加密市場總是動蕩的。但是，不要低估模因指數隨著市場發展而調整投資組合的力量。