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USDC, USDT Market Caps Could Grow 30% Annually Under New U.S. Law: Bitget CEO
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- The GENIUS Act establishes a regulatory framework for stablecoins, backed by U.S. Treasury reserves.
- Bitget’s Gracy Chen says USDC and USDT market caps could grow 20–30% annually under the new law.
- Smaller stablecoin issuers may face compliance challenges, leading to possible market consolidation.
Bitget CEO Gracy Chen says regulated stablecoins like USDC and USDT could see 20% to 30% annual growth under the newly advanced GENIUS Act. The U.S. law brings stablecoins under formal oversight, aiming to boost trust, drive institutional adoption, and strengthen the global role of the U.S. dollar.
The bill now moves to the House of Representatives for review, with President Trump urging its swift passage.
GENIUS Act to Drive Stablecoin Adoption
Notably, the GENIUS Act requires stablecoin issuers to maintain reserves backed by U.S. Treasury securities.
This measure aims to reduce risk, increase transparency, and tie digital assets more closely to the strength of the U.S. economy.
Related: Trump’s Push for Speed Puts Senate-Passed GENIUS Act to a Political Test in the House
Growth Potential for USDC and USDT
In her commentary, Bitget’s Chen…
The post USDC, USDT Market Caps Could Grow 30% Annually Under New U.S. Law: Bitget CEO appeared first on Coin Edition.
In This News
Coins
$ 0.99952
-0.02%
$ 0.0131
-4.34%
$ 0.0000228
$ 0.99981
0%
$ 1.09
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In This News
Coins
$ 0.99952
-0.02%$ 0.0131
-4.34%$ 0.0000228
$ 0.99981
0%$ 1.09
Share:
Read More
FDIC Moves to Formalize How Banks Can Issue Stablecoins Under GENIUS Act
Canada’s Approach to Stablecoins Explained: Safety First, Innovation Second
USDC, USDT Market Caps Could Grow 30% Annually Under New U.S. Law: Bitget CEO
Share:
- The GENIUS Act establishes a regulatory framework for stablecoins, backed by U.S. Treasury reserves.
- Bitget’s Gracy Chen says USDC and USDT market caps could grow 20–30% annually under the new law.
- Smaller stablecoin issuers may face compliance challenges, leading to possible market consolidation.
Bitget CEO Gracy Chen says regulated stablecoins like USDC and USDT could see 20% to 30% annual growth under the newly advanced GENIUS Act. The U.S. law brings stablecoins under formal oversight, aiming to boost trust, drive institutional adoption, and strengthen the global role of the U.S. dollar.
The bill now moves to the House of Representatives for review, with President Trump urging its swift passage.
GENIUS Act to Drive Stablecoin Adoption
Notably, the GENIUS Act requires stablecoin issuers to maintain reserves backed by U.S. Treasury securities.
This measure aims to reduce risk, increase transparency, and tie digital assets more closely to the strength of the U.S. economy.
Related: Trump’s Push for Speed Puts Senate-Passed GENIUS Act to a Political Test in the House
Growth Potential for USDC and USDT
In her commentary, Bitget’s Chen…
The post USDC, USDT Market Caps Could Grow 30% Annually Under New U.S. Law: Bitget CEO appeared first on Coin Edition.
In This News
Coins
$ 0.99952
-0.02%$ 0.0131
-4.34%$ 0.0000228
$ 0.99981
0%$ 1.09
Share:
In This News
Coins
$ 0.99952
-0.02%$ 0.0131
-4.34%$ 0.0000228
$ 0.99981
0%$ 1.09
Share:
Read More
FDIC Moves to Formalize How Banks Can Issue Stablecoins Under GENIUS Act