Written by James Tylee Founder of Cyber.FM. The GENIUS Act marks a strategic shift in U.S. financial policy, transforming stablecoins into regulated tools of statecraft. By requiring fiat-backed tokens to be fully reserved in U.S. dollars and Treasuries, the law turns stablecoins into indirect buyers of U.S. debt extending dollar influence globally without creating a CBDC. It offers regulatory clarity for institutions while preserving American monetary dominance. Though it invites systemic and policy risks, the Act positions the U.S. to shape the future of digital finance through licensed private innovation, not central bank control.
Statecraft indeed!
https://divistockchronicles.substack.com/p/stablecoins-the-next-evolution-of