Bernstein: Once the GENIUS Act takes effect, stablecoins will become the cash layer of the Internet
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币界网报道：Bernstein said that the GENIUS Act, the U.S. stablecoin regulatory bill, is likely to be passed into law in the coming months. Once the bill is passed, stablecoins are expected to develop into the Internet's monetary rails and become the Internet's cash layer. Bernstein said that the GENIUS Act prohibits non-financial listed companies from becoming stablecoin issuers, but there have been recent reports that Amazon and Walmart are exploring the use of these cryptocurrencies. If e-commerce and technology platforms want to adopt these cryptocurrencies, they may have to work with regulated U.S. issuers instead of issuing their own stablecoins.
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