Genius Act Dey Open Road for US CBDC and Regulated Stablecoins
U.S. Congress don pass di Genius Act, wey allow di federal government to issue digital dollar CBDC on-chain and set regulatory framework for stablecoins. Under di Act, Treasury and Federal Reserve get power to issue and manage U.S. dollar CBDC, stop China digital yuan, and make payment systems better. Di law also certify approved stablecoin issuers like USDC, regulated USDT and major tech companies, set reserve standards, asset verification rules and anti-illicit finance measures. Traders suppose dey watch regulatory approvals, cross-border stablecoin flows and rollout plan for di digital dollar. Di Genius Act fit make hyper-dollarization happen for emerging markets, change DeFi lending and shift global capital flows as markets dey expect CBDC to spread widely.
Bullish
By certifying big stablecoin issuers and making clear di rules for US-backed digital assets, di Genius Act dey reduce regulatory wahala and boost confidence for on-chain US dollar use. Short-term, approved stablecoins like USDC and regulated USDT fit see increase for trading volume and institutional adoption. Long-term, clear CBDC rollout plan and stronger checking fit expand crypto payment rails, attract new liquidity inside DeFi markets, and reinforce demand for regulated stablecoins.