Genius Act Dey Centralize Stablecoins, E Boost T-Bill Demand

U.S. Congress don push one bill wey dem dey call "Beautiful Bill" alongside Genius Act to do strong regulation for stablecoin. Dem talk say people wey dey issue dollar-pegged tokens go need hold $1 for $1 in dollar or some asset wey get high liquidity, mainly short-term U.S. Treasurys, plus dem ban algorithmic coins. Treasury believe say stablecoin market go reach $2 trillion by 2028, with $1.6 trillion go finance U.S. debts. Big issuers like USDT and USDC don dey hold almost $200 billion in Treasurys. This regulation dey show the stablecoin trilemma wey be between price stability, decentralization and capital efficiency. As demand for scalability and compliance dey grow, centralization dey increase, with USDC and USDT holding most of the reserves. Algorithmic models like UST and rebase tokens like Ampleforth don mostly fail. Liquity’s LUSD still get pure ETH collateral and contracts wey no fit change but e no too strong for distribution and yields. As stablecoin rules dey tighten fiat-backed designs, traders suppose watch out for good short-term liquidity and yields, but also increasing DeFi leverage, system risk and how real decentralization dey reduce.