是时候让稳定币再次出色了 - 除非您束缚。

全球最大的Stablecoin拥有$ 120B的市值，在美国参议院搬家介绍Genius Stablecoin法案后，它看起来可能会被绞死。

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拥有$ 120B的市值，在美国参议院搬家介绍Genius Stablecoin法案后，它看起来可能会被绞死。

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).

该法案重点侧重于改善美国消费者的保护，并为USCOMICIED Stablecoin发行人（例如Ripple（Stablecoin：$ rlusd））和Circle（Stablecoin：$ usdc）等竞争环境。

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目前位于萨尔瓦多。那么，该法案对$ USDT意味着什么？$ BTC和其他加密货币的堆用于支持其行业领先的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.

是时候挖掘加密货币总统最新推动的细节了，以及为什么像Meme指数这样的加密预售可能会在迅速变化的加密经济中给投资者带来优势。

GENIUS Bill: ‘America First’ for Stablecoins?

天才法案：稳定币的“美国首先”？

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

《天才法案》偏爱基于美国的稳定蛋白，并以正面和负面的评论遇到混合评论。

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

否定地，该法案提议将稳定币坚定地受到美联储的监督：

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

对于加密纯粹主义者来说，这违背了加密货币的分散性质，但至少应该清除某些管辖权问题。

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.

从积极的一面来看，该法案“确保了Stablecoin发行人在州和国家宪章之间进行选择的能力，”提供了两个可能的框架，至少对于总市值低于$ 10B的Stablecoins提供了两个可能的框架。

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.

这种可能性大大增加了美国国家当局在很大程度上独立规范较小的稳定的权力。该法案甚至包括一个豁免程序，该程序将允许更大的Stablecoin发行人或超出$ 10B阈值的STABLECOIN保持在国家控制之下。

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

美国国家后卫稳定的时代即将出现吗？有人为加利福尼亚的一些人 - 也许是$原因吗？

Can $USDT Adjust to Changing Rules?

$ USDT可以适应不断变化的规则吗？

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.

关于最初框架的报告包括提到JP Morgan分析，该分析得出结论，可能被迫出售其一些资产，以包括包括美国国债账单在内的更多符合天才的资产，以完全支持其$ USDT代币。

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在社交媒体上轻描淡写了这个问题，称JP Morgan“ Salty”并没有购买$ BTC便宜。 Tether目前持有每Arkham Intelligence的94K $ BTC，价值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自己关于其第四季度2024年绩效的报告指出，该公司已直接或间接地持有美国国债超过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.

仅在一周前，特ether终于宣布任命西蒙·麦克威廉姆斯（Simon McWilliams）为CFO，并将对公司进行全面审核。该公司以前忽略了这一举动。

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.

天才草稿中还有一个独特的控制元素。该法案将要求Stablecoin发行人能够控制自己的Stablecoins付款，包括在需要时停止付款（更好地解释为“如果订购”），并确定帐户和帐户持有人。

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.

或通过建立联邦和州宪章的不同方式，该法案赋予美国当局的每一组政府，甚至要求要求将稳定的人控制作为其管辖范围内的数字资产。

Meme Index: Adjust Your Memecoin Investment Strategy

模因索引：调整您的Memecoin投资策略

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市场仍然很受欢迎，其市值为45B美元，投资者不断寻找最新，最佳的Meme硬币。

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，对于每天新的模因硬币来驶来的成千上万的代币市场，这是所有人对最敬业的商人以外的所有人的挑战。

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

模因索引为系绳面提供了解决方案；适应不断变化的市场和法规。

$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持有人可以将其令牌分配给四个不同的Memecoin索引之一 - Meme Frenzy，Meme Midcap，Meme Moonshot和Meme Titan。每个指数的风险和波动性水平不同，使您根据市场变化来适应投资策略。

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.

当然要进行自己的研究；这些都不是财务建议，加密市场总是动荡的。但是，不要低估模因指数随着市场发展而调整投资组合的力量。