国会正在对Stablecoins采取行动，而加密世界正在观看。降低最新立法的潜在影响。

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

Stablecoin摊牌：国会法案，加密和财务未来

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响！国会终于通过一项法案来规范稳定币，可能重塑数字融资的未来。这对您意味着什么？让我们潜水。

The GENIUS Act: A New Era for Stablecoins?

《天才法》：stablecoins的新时代？

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，伙计们！参议院刚刚以63票对30票通过了《天才法》（指导和建立国家创新）。这项具有里程碑意义的立法旨在为Stablecoins创建一个联邦框架，这些加密货币旨在保持相对于美元（如Dollar）保持稳定的价值。

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.

这样想：Stablecoins希望成为加密货币世界的可靠工作主场，而不是像比特币这样的野马。 《天才法》概述了发行稳定币的要求，包括以1：1的比例来支持每个硬币。发行人必须持有硬币，货币，政府货币市场基金和其他超级流动资产的储备。每月的储备披露和反洗钱合规性也是该交易的一部分。

Who's Getting in on the Stablecoin Action?

谁在进行Stablecoin动作？

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.

事实证明，不仅仅是加密书呆子。标准普尔500指数中的知名人士开始引起注意。 Meta和Walmart正在探索Stablecoins以简化付款并减少交易费用。多年来，MasterCard和Visa等传统付款巨头一直将Stablecoins整合到他们的系统中，开发了在USD Coin等Stablecoins中的区块链技术来解决。

Trump's Crypto Connection

特朗普的加密联系

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.

说到大牌，前总统特朗普一直是数字资产的声音支持者，甚至通过世界自由金融推出了一个名为USD1的稳定者。马克·古巴（Mark Cuban）甚至推测，特朗普的新智能手机可能包括一个内置的加密货币钱包，用于他的成员和USD1。爱他或恨他，特朗普的参与强调了对加密货币的越来越多的主流接受。

Tokenized Treasurys: A New Challenger Approaches

代币化的财政部：一种新的挑战者方法

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.

尽管Stablecoins一直是代币化的现实世界资产（RWAS）的主要力量，但新的竞争者正在出现：象征美国财政基金。贝莱德（Blackrock）的机构数字流动性基金（BUIDL）正在领导该指控，并拥有大量令牌化财政部市场。诸如Deribit和Crypto.com之类的加密交易所甚至接受Buidl作为交易抵押品，使机构交易者更容易利用其职位。

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.

令牌化的财政部提供了传统稳定的遗产替代品，这反映了加密货币与传统金融的融合。但是，对集中化的担忧仍然存在，因为贝莱德（Blackrock）和富兰克林·邓普顿（Franklin Templeton）等主要参与者控制着大量市场。

Potential Pitfalls and Future Trends

潜在的陷阱和未来趋势

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.

所有这些Stablecoin动作可能会产生一些有趣的副作用。随着发行人建立储量，稳定使用的使用增加可能会提高对财政部的需求。这可能会导致收益曲线的陡峭趋势和国库市场的波动增加。美国银行甚至预测，每一美元留下传统银行的Stablecoins，将导致美国财政部的0.90美元增量需求。

The Bottom Line

底线

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.

国会，主要公司甚至政客参与其中，Stablecoin景观正在迅速发展。无论您是加密爱好者还是华尔街鲸，都该关注了。 《天才法案》可能是改变游戏规则的人，为更广泛的采用稳定币铺平了道路，并改变了财务的未来。

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，扣紧，毛cup！这次旅程才刚刚开始。谁知道，也许有一天我们都会用stablecoins付款。或者，也许我们都会从模因硬币中变得有钱。只有时间会证明！