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Odaily Planet Daily News: Jack Foresdell, Visa's Chief Product and Strategy Officer, wrote an article on the official website titled "The Potential Genius of GENIUS", in which he pointed out that the US Senate has passed the stablecoin bill "GENIUS Act", which means that stablecoins will usher in the next era of programmable digital currencies, but there is still a lot of work to be done. In order for stablecoins to become part of the world's next-generation digital payment infrastructure, they must have three levels: 1. Technical layer: capable of safely and reliably executing transactions at ultra-high speeds and on a large scale, with zero tolerance for failures, leaks, or violations; 2. Reserve layer: Trust must be established in the value and stability of the exchange medium, and stablecoins need to be regulated and supported by reserves; 3. Interface layer: It is necessary to provide users with a simple and convenient mechanism to convert value into their chosen legal currency.