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The Long-awaited Analysis from the Financial World Giant BlackRock Has Arrived! "How Will the GENIUS Act Affect the Markets?"

source-logo  en.bitcoinsistemi.com 13 h

BlackRock, the world's largest asset manager, made important assessments following the Genius Act stablecoin law signed by US President Donald Trump.

The GENIS Act, which has been eagerly awaited for months, was finally passed and went into effect with Trump's signature.

While some experts expressed concerns that stablecoins would weaken the dominance of the US dollar, global giant BlackRock offered an opposite analysis.

BlackRock said the GENIUS Act could further strengthen the US dollar, according to a report by Walter Bloomberg.

BlackRock assessed that stablecoin regulations coming into force in the US could strengthen the dollar's international position.

Stating that the new tokenized dollar system will facilitate global payments, BlackRock said that this could increase the dominance of the US dollar.

Especially in countries with unstable local currencies, access to dollars will become much easier with stablecoins.

The US GENIUS Act framework for dollar-pegged stablecoins enables a tokenized payment system. And if a tokenized dollar system is established, dollar dominance will increase.

Access to dollars will become easier, especially in developing countries where access and distribution of ADB dollars are difficult.

This could stimulate demand for a more stable digital dollar instead of highly volatile local currencies.”

*This is not investment advice.

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