Tennessee Senator Bill Hagerty made a remarkable output in the United States about stablecoin arrangements. Hagerty said that stablecoin exporters could become the largest buyers of US Treasury bonds in the coming period. Speaking to CNBC, Senator stressed that these organizations could buy a huge amount of treasury bonds in order to ensure that crypto currencies are fixed to the US dollar. This explanation may be a harbinger of a whole new era in the digital money market with the Genius bill, which continues to be discussed in the Congress.
Treasury bonds will increase with the GenIus bill
The draft “Guiding and Establishing National Innovation for US Stablecoins (Genius) proposed by Bill Hagerty includes comprehensive rules on how Stablecoins will be exported in the USA. While the bill requires one -to -one reserve support, it requires these reserves to be composed of safe assets such as US dollar, insured bank deposits or treasury bonds. In other words, Stablecoin companies will no longer have to have crypto currency, but state -supported assets.
According to Hagerty, this obligation can create a huge demand for US treasury bonds. In fact, it is possible that stablecoin exporters will be one of the biggest players in the bond market in a few years. This can bring a new breath to the US public debt system. Thanks to the reserve structure based on high -quality short -term bonds, both user confidence will be increased and fluctuations in the system will be minimized.
It will strengthen the position of the US dollar in the digital age
Senator Hagerty’s statements are not limited to the financial system. Hagerty argues that the GenIus bill will make the US dollar more resistant to the pressures of the digital age. According to him, this law will bring the US to the fastest infrastructure in the world in the field of digital payments. It will also increase customer security and reinforce the dominance of the dollar in global markets.
Another critical aspect of the bill is the limitation of stablecoin reserves only to assets connected to the US financial system. This will prevent the infiltration of foreign factors to the market and provide more transparency in the digital money market. Thus, it is aimed to reduce risks such as money laundering or illegal transactions. All these steps aim to consolidate the global leadership in the US digital money market.
The discussions in the congress process are of course continuing. However, the eyes of both investors and regulators are in the major changes that this proposal can create. Such steps taken by the US in crypto currency regulations can also create a domino effect in global markets.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
