RE: LeoThread 2025-05-20 13:09

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I asked Grok about the latest draft of the GENIUS Act (stablecoin bill) moving through the Senate. It said the tech companies could issue stablecoins if they are approved by Stablecoin Certification Review Committee. This means financial companies (mostly banks) can issue them without question.

It applies to only public companies. Private tech firms, such as stripe or X, can issue a stablecoin.

My view is what happens if Meta, for example, buys a private firm that issues a stablecoin? Then it acquires one.

leofinance
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it will be a wild Wild West in the crypto sphere bringing massive liquidity to the market.

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To me, this fundamentally alters the money supply creation for the US dollar. It moves it from the exclusion hands of the commercial banks (outside banknotes of course) to include stablecoin issuers.

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How much these firms can issue stable cions?

Is there any gold, banknotes dollars issued by governments or any other thing have same value equale to stable coins issued?

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