Global Ripchles: why experts warn of the United States genius law, the Stablecoin bill can trigger global financial interruption
A new broad law approved by the United States Senate is sending concern waves in world financial markets. The United States Stablcoin’s bill, officially known as the Genius actIts objective is to carry out stability and supervision to the booming market of digital currencies supported by dollar. However, critics warn that it could inadvertently destabilize the financial systems of other countries, undermine the sovereignty of central banks and change the balance of global payments.
 |
| Source: x |
The bill, defended under the administration of President Donald Trump, is expected to approve the House of Representatives and receive presidential approval shortly. While US legislators see movement as a milestone in regulating stable and support for the national economy, financial leaders in Europe and beyond alarm about their possible global consequences.
What is the act of genius and why does global panic cause?
The stable are digital currencies linked to a stable asset, generally the US dollar and backed by reserves such as US Treasury bonds. UU. The genius law requires that Stablecoins issued inside or accessed by US citizens must maintain full backing 1: 1, ensuring consumer safety and market confidence.
At first glance, the movement seems prudent. With stablecoins that provide cross -border payments without problems, storage of stable value and lower transaction rates, the Genius law aims to solidify the position of the United States as a leader in the digital finance revolution.
However, the impact of the law is not limited to US borders:
-
98% of the stables are linked to the US dollar.
-
More than 80% of Stablecoin transactions occur outside the United States.
-
JPMorgan predicts that the Stablecoin market could double at $ 500 billion in a few years, and some forecasts suggest that it could exceed $ 2 billion.
This growing global dependence on digital assets with rays in dollars means that any regulatory movement of the United States will inevitably will have global repercussions.
Warning of $ 2 billion of Amundi: “It could be genius, or it could be evil”
The largest asset manager in Europe, Amundi, has expressed marks concerns about the global impact of the genius law. Vincent Mortier, Amundi Investment Director, which manages more than € 2 billion ($ 2.36 billion) in assets, emphasized that the generalized use of dollar support stable could alter local economies.
 |
| Source: x |
“If too many people in other countries begin to carry out transactions in these stable backed by the United States, they could weaken local currencies, reduce the effectiveness of central banks and destabilize financial systems,” Mortier said in a recent interview.
Mortier’s warning is clear: the genius law could be a financial genius coup for the United States or a catalyst for global economic imbalances.
Italy and Europe join the choir of concern
The Minister of Finance of Italy, Giancarlo Giorgetti, echoed these feelings, warning that the regulation of the United States of stable could be more harmful for the financial stability of Europe than the previous commercial disputes under President Trump.
The concern is based on the fear that people and companies can ignore traditional banking systems to access the liquidity of the US dollar through the stable, reducing the dependence of local currencies and weakening the monetary policies controls of central banks.
This could lead to a scenario in which the domain of the dollar in global transactions becomes even more entrenched, which makes regions such as the European Union maintain financial autonomy.
Why the genius law benefits the United States, and cares about the world
The genius law, although belonging to other countries, aligns well with US economic interests. When ordering Stablcoins to be backed by the United States Treasury Bonds, the law effectively increases the demand for the debt of the United States government, providing a damping potential for the expanding budget deficit of the United States.
This regulatory clarity is also expected to accelerate the institutional adoption of the stable within the United States, supporting the development of the National Fintech ecosystem while consolidating the role of the dollar as the global reserve currency in the digital era.
However, as Mortier points out, if countries perceive this as an overreach of US financial influence, it could trigger a setback against the domain of the dollar, encouraging the development of alternative payment systems and establishments linked to other currencies or assets.
The Global Stablecoin boom: a double -edged sword
The Stablecoin market is growing rapidly. JPMORGAN estimates that the current Stablecoin market of $ 150 billion could double at $ 500 billion in the short term. Other industry experts believe that it could exceed $ 2 billion as adoption extends.
For consumers and companies, Stablecoins offer speed, efficiency and lower transaction costs in cross -border payments. For the United States, this growth is a strategic advantage, which reinforces the centrality of the dollar in the global financial system.
However, the attempt of the genius law to control this growth through the risks of regulation that push other countries to seek alternatives, undermining the domain itself that the United States seeks to ensure.
What happens later? Ondulation effects monitoring
The passage of the genius law is almost certain, but its implementation will require careful monitoring of its impact on national and international financial systems.
The countries of Europe and Asia are closely observing the development scenario. Some nations can move to develop their own digital currencies (CBDC) of the Central Bank to counteract the growing influence of the stable backed by the United States.
Meanwhile, Fintech’s financial and innovative institutions will need to adapt to the evolving regulatory panorama, ensuring compliance while browsing the challenges of a financial digitalization world.
Conclusion: Genius move or threat global?
The US Stablecoin bill in the UU. Under the genius law marks a fundamental moment in the regulation of digital assets. Although it promises greater security, transparency and financial stability within the United States, it also raises significant risks for the world financial order.
The total impact of this legislation will be developed in the coming months and years, but one thing is clear: the world financial community is entering a new era in which digital assets and national interests are deeply intertwined.
It remains to be seen if the genius law demonstrates to be a master coup for US financial domain or a catalyst for world financial interruption. As the world observes, policy formulators, investors and everyday users must prepare for a future where the stables play a central role in the configuration of the global economy.
Writer
@Ellena
Ellena is an experienced cryptographic writer who loves to explore the intersection of blockchain technology and financial markets. She regularly provides information about the latest trends and innovations in the currency space.
See other news and articles on Google News
Discharge of responsibility:
The articles published in Hokanews are intended to provide updated information on various topics, including cryptocurrency and technology news. The content on our site is not intended to be an invitation to buy, sell or invest in any asset. We encourage readers to conduct their own research and evaluation before making an investment or financial decision.
Hokanews is not responsible for any loss or damage that may arise from the use of the information provided on this site. Investment decisions must be based on an exhaustive investigation and advice of qualified financial advisors. Information about Hokanews can change without prior notice, and we do not guarantee the precision or integrity of the published content.
