Genius Act，Banking Rip-Off和Multicoin Exec：Stablecoins的新时代？

天才是传统银行业的终点的开始吗？多功能资本高管这样认为。深入了解Stablecoins和银行业中断的未来。

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》正在振作起来，一名多功能资本高管正在呼吁银行潜在的“银行业”。这是正在发生的事情的低点。

The GENIUS Act: A Game Changer?

天才法案：改变游戏规则的人？

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于7月颁布，专注于Stablecoins，可能会引发从传统银行转移到更高收益的稳定股的大规模转变。 Multicoin Capital的联合创始人Tushar Jain认为，这只是银行以最少的利息剥夺零售存款人的结局。根据Jain的说法，像Meta，Google和Apple这样的大型科技公司可以开始与银行竞争零售存款，提供更好的Stablecoin收益率，以及具有即时和解和24/7付款的卓越用户体验。

Banking Groups Fight Back

银行集团反击

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.

银行集团已经担心，试图通过敦促监管机构关闭漏洞来保护其利润，该漏洞使Stablecoin发行人能够通过关联公司支付利息或收益率。 《天才法》禁止发行人直接提供利息，但并未将禁令扩大到交换或分支机构。

The $6.6 Trillion Exodus

6.6万亿美元出埃及记

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.

美国财政部估计，大规模稳定的采用可能会引发惊人的6.6万亿美元的存款流出，从传统的银行系统中流出。据银行政策研究所称，这可能会导致更大的存款飞行风险，破坏信贷创造，利率提高以及企业和家庭成本提高。

Stablecoins vs. Traditional Savings

Stablecoins与传统储蓄

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.

尽管美国储蓄账户的平均利率徘徊在0.40％左右，但Tether（USDT）和Circle的USDC（USDC）等Stablecoins在AAVE等平台上提供了高达4.02％和3.69％的利率。难怪人们会注意到。

Big Tech Eyes Stablecoins

大技术稳定的眼睛

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.

苹果，Google，Airbnb和X等公司正在探索发行稳定的公司以降低费用并改善跨境支付。虽然没有最近的发展，但潜力肯定存在。

SmartDeFi™ and GENIUS Act Compliance

SmartDefi™和Genius Act合规性

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™是下一代代币启动板，现在支持项目创建者将令牌与符合Genius Act标准（例如$ USDC）配对的代币。这为创建者提供了灵活性和合规性选项，同时保持透明度和链链控制。

My Take: The Future is Here

我的看法：未来在这里

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》不仅仅是一项法案。这是变化的催化剂。尽管银行争先恐后地保护其过时的商业模式，但Stablecoins却瞥见了未来的财务更容易获得，并为每个人带来了回报。数字不撒谎 - 稳定币提供更好的价格。如果关于存款流出的预测成真，则传统银行业可能会被迫进行创新或风险过时。随着大型技术盘旋，比赛就开始了。

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.

那么，这意味着什么？系好，毛cup！看来金融世界将变得更加有趣。也许是时候将一些现金存入稳定的了。或不。我不是你的财务顾问。只是在这里大声思考。