While the GENIUS Act offers beneficial regulatory clarity for U.S. Stablecoins like USDC, it simultaneously enables other countries to form their sovereign currencies. This could lower reliance on the dollar, reshaping payment dynamics.
The future will see a variety of interconnected stablecoins instead of dominance by any single currency. Local stablecoins are likely to thrive in consumer payments, minimizing foreign exchange risks and fostering financial innovation.
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