Explosion!! Heavy weight!! The Genius stablecoin bill in the United States has been officially passed!! Algorithmic stablecoins returning to the market?? The core issue of RWA is about to be resolved! I announce that the era of RWA outbreak has officially begun!! Why is the stablecoin bill crucial for the RWA field?? My friends who have had in-depth communication with me often hear me share a viewpoint: Stablecoins and RWAs have a dual relationship RWA must develop, stablecoins must develop, stablecoins must expand to Web2, and regulatory framework laws must be in place. Now let me explain in detail the importance of the stablecoin bill: 1. Stablecoins are the infrastructure of RWA Firstly, stablecoins themselves are the most successful RWA applications! USDC, USDT, and others are products of tokenizing the US dollar, a "real-world asset". We know that the core of RWA lies in compliance, so the stablecoin bill is equivalent to clarifying the legal status of the most basic RWA such as stablecoins, laying the underlying legal foundation for the entire RWA track. 2. Establishing compliance channels The bill establishes clear registration and regulatory mechanisms, which means: -Traditional financial institutions can tokenize assets in compliance -There is a clear legal bridge between the on chain and off chain worlds -Large institutions can enter with confidence, bringing more high-quality assets -Web2 users can fully comply with fiat stablecoin exchange regulations 3. Increased liquidity Stablecoins are the lifeblood of liquidity on the chain. The core issue with RWA now is that they are not interested in the money for Web3 and cannot receive the money for Web2. The large-scale issuance of compliant stablecoins will provide abundant liquidity for the RWA market and solve one of the biggest problems currently faced by RWA. Bring in Web2 investors who truly have a demand for RWA assets. 4. Establishment of trust mechanism The stablecoin bill requires strict reserve management and auditing, and this transparent mechanism will enhance the trust of the entire RWA market, solving the problem of traditional financial institutions lacking trust in blockchain assets. Let's talk about the difference between the two stablecoin bills again: 1. Who can issue stablecoins? GENIUS Act: The threshold is relatively low, allowing a wider range of institutions to become issuers, and non bank institutions that meet the conditions can also participate STANLE Act: Stricter, mainly inclined towards allowing banks and FDIC insured deposit taking institutions to issue, non deposit taking institutions need to meet more conditions 2. Algorithmic stablecoin fate GENIUS Act: conditionally allowing algorithmic stablecoins to exist, providing room for innovation STANBLE Act: Explicitly Prohibit Algorithmic Stablecoins, Say No to UST/LUNA style Tragedy 3. Differences in Regulatory Philosophy GENIUS Act: Relatively open, dual state and federal regulation, reserved innovation space STANLE Act: More centralized and strict, leaning towards unified federal regulatory standards, giving greater power to FDIC 4. Actual impact GENIUS Act: More friendly to the encryption industry, supporting innovation while ensuring basic security STANLE Act: More conservative, prioritizes financial stability, and benefits traditional financial institutions The Genius Act passed by the United States this time is more innovation friendly!! I can hardly imagine what the future will be like! What will happen next? As the stablecoin bill advances, I expect to see: -More traditional financial giants will launch compliant stablecoins -RWA projects will usher in a new round of financing boom -The wave of token expansion from US dollar and treasury bond to more traditional assets -The acceleration of the integration of traditional finance and DeFi That's also why I chose All IN RWA at this point in time, the trend has arrived! Pharos @ pharos_network has caught up with the best of times!