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ROLLUP: The GENIUS Act Passes | JP Morgan Stablecoin | Stablecoin Summer

Bankless

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The Future of Stablecoins and Government Relations

This chapter explores the U.S. Treasury Secretary's projection of stablecoins potentially reaching a $3.7 trillion market by the decade's end. It discusses the implications of stablecoins on government borrowing and the U.S. dollar's supremacy, as well as the evolving relationship between cryptocurrency and the U.S. government. The chapter also analyzes the Genius Act's impact on Tether and Circle, the disruption stablecoins may cause to traditional payment systems, and examines JP Morgan's introduction of a tokenized bank deposit.

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