Treasury: ₱224.89 Trilyong ($3.7 Trilyon) Stablecoin Market, Posible sa 2030 sa Tulong ng GENIUS Act

Malaki ang tiwala ng gobyerno ng Estados Unidos na ang mga stablecoin ang magiging pundasyon ng pagbabayad sa digital na ekonomiya, habang inaasahan ni Treasury Secretary Scott Bessent na aabot sa ₱224.89 trilyon ($3.7 trilyon) ang halaga ng merkado nito pagdating ng 2030 kapag ganap nang naging batas ang GENIUS Act.

Ininsulong ng Senate ang GENIUS Act framework over the past year, marking ang unang beses na nag-move sa same direction ang U.S. lawmakers, regulators, at White House pagdating sa digital dollars. Tinutukoy ng legislation ang reserve backing requirements, consumer protection rules, at cross-border efficiency standards para sa payment stablecoins. Nag-issue ang Treasury ng post-enactment statement na naglalarawan sa stablecoins bilang bagong rail ng dollar economy at mechanism na pwedeng magpataas ng demand para sa U.S. government debt through reserve holdings.

Nag-release ang White House ng digital assets report na tinatawag ang dollar-backed stablecoins bilang next wave ng innovation sa payments. Ang report argues na ang dollar stablecoins ay pwedeng palakasin ang U.S. financial leadership, suportahan ang real-time cross-border transfers, at i-preserve ang dollar relevance habang nag-gglobalize ang digital finance. Sinuportahan ng Richmond Federal Reserve ang view na ito sa economic brief, saying na ang reserve-backed stablecoins ay pwedeng magpalalim ng demand para sa dollars at Treasuries instead na magpahina nito.

Nag-propose ang Office of the Comptroller of the Currency ng rule noong February specifying kung paano nababagay sa federal oversight ang permitted issuers, reserves, redemption, custody, supervision, at approval processes. Meanwhile, ang PARITY Act discussion draft ay lumilikha ng special tax rule para sa qualifying regulated payment stablecoins na naka-peg lang sa U.S. dollar. Nag-aapply ang draft ng wash-sale rules across digital assets broadly, treating stablecoins differently from other crypto assets para sa routine transactions.

Framed ni Bessent ang batas bilang pagbibigay sa dollar ng internet-native payment rail. Ang strategy ay nag-poposition ng stablecoins para sa spending at payments habang positioned ang Bitcoin bilang scarce external asset para sa savings, collateral, treasury reserve exposure, at macro expression. Referenced ni Senator Cynthia Lummis ang 2025 digital asset tax proposal in advancing the framework.

Nag-analyze ang BDO ng tax treatment direction sa PARITY Act, noting ang special status para sa regulated payment stablecoins. Lumilikha ang framework ng clear split between transaction assets at reserve assets, with the Richmond Federal Reserve's economic brief supporting this division by arguing na ang stablecoins backed by Treasuries ay lumilikha ng new demand para sa U.S. government debt instead na makipag-compete dito.

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ℹ️ Article Details

• Source: CryptoSlate
• Original URL: https://cryptoslate.com/congress-aims-to-make-digital-dollars-easier-to-use-than-bitcoin-solidifying-the-digital-gold-narrative/
• Reading Time: 3 minutes
• Category: bitcoin-news
• Tickers: BTC
• Key Takeaway: Washington wants stablecoins for payments and Bitcoin for reserves—locking in the digital gold narrative.
• Slug: treasury-stablecoin-market-possible-genius-act

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