STABLECOIN BILL MAY BOOST DOLLAR'S GLOBAL POWER: DEUTSCHE BANK
A new Senate-approved bill regulating stablecoins could strengthen the U.S. dollarās global dominance in the digital era, says Deutsche Bank strategist Marion Laboure. If passed, the law would allow dollar-pegged stablecoinsāalready the majority of the marketāto draw in foreign liquidity. This could speed up digital dollar use in unstable economies without needing a central bank digital currency or traditional banking systems.
BERNSTEIN: STABLECOINS COULD BECOME INTERNETāS MONEY RAIL UNDER NEW LAW
Bernstein says the GENIUS Act, up for a Senate vote this week, could transform stablecoins from a crypto tool into a core part of internet finance. The law would create a clear framework for U.S. stablecoin issuers and bar non-compliant foreign ones.
Key points:
šø Three issuer types: bank subsidiaries, OCC-approved firms, and state-qualified entities
šø Strict reserves: 100% backed by short-term U.S. Treasuries, repos, or deposits
šø Not deposits or securities, but treated as digital cash
šø Full compliance rules: AML/KYC and restrictions for non-financial firms
Bernstein sees this as a foundation for the next wave of financial innovation and stablecoinsā integration with capital markets.