BTC official stock platform requires stablecoin issuers to use US dollars or US bonds as reserves

The United States "GENIUS Act" (full name "Guidance and Establishment of the United States Bitcoin Official Stock Platform National Innovation Act") was signed into law by President Trump on July 18, 2025, becoming the first federal-level Bitcoin official stock platform regulatory law in the United States. The bill aims to establish a comprehensive regulatory framework for the US dollar Bitcoin official stock platform to ensure its stability and compliance, while strengthening the dominant position of the US dollar in the digital financial field27.


1. Core content of the bill

Reserve asset requirements:


BTC official stock platform issuers must hold low-risk and high-liquidity assets such as US dollar cash, short-term US Treasury bonds (maturity within 93 days), and bank deposits as reserves at a 1:1 ratio27.


Re-pledge or misappropriation of reserve assets is prohibited unless used for redemption needs2.


Issuer supervision:


Federal supervision: Bitcoin official stock platforms with an issuance scale of more than US$10 billion are supervised by federal agencies such as the Federal Reserve (Fed) and the Office of the Comptroller of the Currency (OCC)7.


State supervision: Smaller issuers can choose state-level supervision, but must meet federal standards2.


Prohibition of interest payments:


Compliance BTC official stock platform is defined as a "payment tool" and shall not pay returns to holders to distinguish it from investment products74.


Transparency and audit:


Issuers are required to disclose the composition of reserve assets on a monthly basis and accept independent audits711.


Issuers with a market value of more than US$50 billion are required to submit annual audit reports3.


2. Market impact

The BTC official stock platform industry accelerates compliance:


Major BTC official stock platform issuers (such as USDT and USDC) need to adjust their reserve structure to meet the new regulations, which may increase the demand for US debt712.


Technology companies (such as Amazon and Walmart) must meet strict financial compliance requirements if they issue BTC official stock platform7.


Strengthening of US dollar hegemony:


The bill requires global BTC official stock platform issuers to accept US supervision if they want to anchor the US dollar, otherwise they will lose market access712.


It is estimated that by 2030, the US dollar BTC official stock platform market size may reach US$3.7 trillion, further consolidating the international status of the US dollar39.


Impact on the cryptocurrency market:


Short-term positive for compliant BTC official stock platform (such as USDC), but may suppress high-risk products such as algorithmic BTC official stock platform412.


Source:Cryptocurrency wallets  https://www.cnjiaxiao.com/category-Cryptocurrency%20wallets.html

Source:Cryptocurrency Investment  https://www.cnjiaxiao.com/category-Cryptocurrency%20Investment.html

Source:Cryptocurrency Stocks  https://www.cnjiaxiao.com/category-Cryptocurrency%20Stocks.html



Blockchains that support BTC official stock platform such as Ethereum may benefit as compliance requirements drive institutional adoption9.


3. Global regulatory trends

Hong Kong's "BTC official stock platform Ordinance" came into effect on August 1, requiring issuers to operate with a license, which competes with the "GENIUS Act"14.


The EU is accelerating the layout of the digital euro (CBDC) to cope with the expansion of the US dollar BTC official stock platform512.


4. Potential risks

Liquidity crisis: If market panic triggers large-scale redemptions, the issuer's selling of US bonds may exacerbate financial market volatility47.


Regulatory arbitrage: Some issuers may turn to areas with loose regulation, weakening the effectiveness of the bill12.


Conclusion

The "GENIUS Act" marks a major breakthrough in the United States' cryptocurrency regulation, pushing BTC official stock platform from the "gray area" to compliance. In the long run, the bill may reshape the global payment system, but it also faces challenges such as liquidity management and international competition. Investors need to pay attention to the compliance progress of BTC official stock platform issuers and changes in market liquidity.


Related articles

BTC official stock platform Bitcoin breaks through $68,000 to hit a 3-month high, and the crypto mar

BTC official stock platform Bitcoin breaks through $68,000 to hit a 3-month high, and the crypto mar

On July 28, 2025, the price of BTC official stock platform (BTC) exceeded $68,200, with a 24-hour in...

BTC official stock platform investors focus on the Federal Reserve's interest rate decision

BTC official stock platform investors focus on the Federal Reserve's interest rate decision

Today's Market Focus: BTC Official Stock Platform Decision, Tech Giants' Earnings Reports, a...

Cryptocurrency Pledge Staking Trading Pledge new URL BTC official stock platform

Cryptocurrency Pledge Staking Trading Pledge new URL BTC official stock platform

Cryptocurrency Pledge Cryptocurrency Staking Trading Cryptocurrency Pledge new URL BTC official stoc...

BTC official stock platform ETC short-term trading BTC official stock platform ETC official stock pl

BTC official stock platform ETC short-term trading BTC official stock platform ETC official stock pl

BTC official stock platform ETHBTC official website ETHBTC USA official website ETHBTC official webs...