《天才法案》有望模糊公共货币和私人货币之间的界限，有可能为梅塔发行自己的稳定币铺平道路。这是货币的未来吗？

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

Meta Stablecoins，《天才法案》和加密：纽约分钟

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，有可能使像梅塔这样的科技巨头发行自己的稳定币。扣紧，因为这可以重新定义加密货币景观。

GENIUS Act: Opening the Door for Big Tech

天才法：为大型技术打开大门

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.

最近由参议院通过的《天才法》旨在为稳定菌建立一个监管框架。与稳定的提案不同，该提议赞成传统的金融机构，天才扩大了潜在发行人的范围，以包括科技公司。这意味着像Meta这样的公司可能很快就会发行自己的数字代币，从而在其大规模的生态系统中创建付款机制。

Meta's Stablecoin: A CBDC in Disguise?

Meta的Stablecoin：伪装的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.

想象一下元发行稳定的元。由于Meta的规模庞大，它的运作可能与中央银行数字货币（CBDC）相似，提供统一性和高交易量。这可能会导致在美国一个零散的系统，在该系统中，公司生态系统而不是国家驱动数字货币的采用。正如纽约大学的温斯顿·马（Winston MA）指出的那样，尽管中国倾向于主权数字货币模式，但美国可能会通过大规模的公司生态系统获得类似的结果。

GENIUS vs. the World: A Global Stablecoin Showdown

天才与世界：全球Stablecoin摊牌

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》被视为美国对欧洲云母的回答。尽管MICA支持欧元赛车的稳定蛋白，但Genius旨在确保美元和美元固定的Stablecoins在全球贸易中的主导地位。来自Digital＆Analogue Partners的Yuriy Brisov建议SMART法规提供了竞争优势，美国渴望维持其财务据点。

The Downside: Blurring the Lines

缺点：模糊线条

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，天才行为并非没有潜在的弊端。它模糊了商业企业与银行机构之间的传统分离，可能允许亚马逊或元公司等公司成为自给自足的金融生态系统。这引发了有关权力集中和监管挑战潜力的问题。

Stablecoins and the Future of Currency

稳定币和货币的未来

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.

稳定剂可以真正充当无主权支持的货币吗？温斯顿·马（Winston Ma）认为，真正的货币需要主权执法。没有它，StableCoin只是一种可选的付款方式。尤里·布里斯夫（Yuriy Brisov）反驳说，在整个历史上，钱经常被私下发行，当前的制度正面临着集中危机。

Final Thoughts: Crypto in the City

最终想法：城市中的加密货币

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》可能会导致一个令人着迷的未来，技术巨头发行自己的稳定币，而公共货币和私人货币之间的界限变得越来越模糊。真正的问题是：我们准备好掌握了吗？可以肯定的是，比赛已经开始，这将是疯狂的！