Canaccord: compliance stable currency will become the "currency layer of the Internet"

According to CoinDesk, Canaccord Genuity pointed out in the research report released on June 18 that with the passage of the GENIUS Stable Currency Act by the US Senate, the compliance stable currency will become the "Internet currency layer". Analysts believe that the passage of this bill eliminates regulatory uncertainty, allowing stablecoins to break through the limitations of cryptocurrency trading pairs and gain a wider range of application scenarios. The report emphasizes that compliant stablecoins are essentially regarded by the US government as cash equivalents, and their real-time settlement and low-cost features will enhance the efficiency of capital flow. The requirement for full reserves will make stablecoins an important source of demand for short-term US bonds, while driving the global economic dollarization process. Analyst Joseph Vafi's team believes that this marks the arrival of the era of programmable currencies.