最新报道:The $260B stablecoin market is poised for formal U.S. regulation under the GENIUS Act, with clearinghouses emerging as a key risk-management solution. Major players like DTCC and bank consortia are exploring stablecoin issuance, leveraging their clearing expertise. The Act's Section 104 subtly promotes central clearing by requiring cleared Treasury repos for reserves. Stablecoin clearinghouses would pool redemption risks, enable real-time margining, and provide regulators with systemic exposure data. While critics argue this contradicts decentralization, the model addresses concerns about reserve fire sales and too-big-to-fail scenarios. Institutional use cases like collateral mobility may drive early adoption as traditional finance prepares to dominate the landscape.