币界网报道：The US Senate passed the GENIUS Act, opening a new era of stablecoins. The two leading companies, USDT and USDC, have shown differentiated development paths. USDT is centered on decentralized layout, with a market value of $156 billion and 62.1% of the market. It has deepened its presence in the cross-border payment field through cooperation with TRON; USDC focuses on compliance and interest-bearing business, with a market value of $60.8 billion and 24.2%, and is active in the Solana ecosystem. Tether adopts a flexible business strategy to deal with doubts about its capital reserves, while Circle ensures regulatory compliance through cooperation with high-quality banks. With the implementation of the bill, the different strategies of the two major stablecoin issuers will push the industry into a new stage of competition.