GENIUS Act signed into law: Americans can soon store their wealth in riskier stablecoins

[Redaktion]

President Trump has signed the GENIUS Act into law, enabling broader issuance and use of asset-backed stablecoins pegged to the US dollar. While potentially enabling faster, lower-cost electronic payments versus card payments, stablecoins do not come with loss protection from the FDIC or interest when held.

https://www.notebookcheck.net/GENIUS-Act-signed-into-law-Americans-can-soon-store-their-wealth-in-riskier-stablecoins.1061437.0.html

[heffeque]

GENIUS!

[bancons4ever]

dumbest economic policy decision in US history. the economy is going to collapse worse than the great depression and trump and his cronies will be entirely to blame for it.

[Economic Inequality]

Not interested in left or right, or politics but could anyone tell me how this will help tackle economic inequality that I feel like is the biggest issue and like cost of living / affordable housing crisis? Or how this will fix crumbling old infrastructure that's out of date? Like the root causes of what everyone's upset about in every country?

Hope this isn't just another case of making rich even richer..

If crypto hasn't even found any real use case in the digital world, how and where is it going to find it's place in the real one?

[Hotz]

could anyone tell me how this will help tackle economic inequality

It won't help. At all. None of the ruling elite really wants to change the inequities.