
GENIUS or Folly? US Stablecoin Plan Could Spark Global Contagion
The US GENIUS Act legalizes stablecoins backed by Treasuries but risks global financial contagion, prompting calls for dedollarization and stronger safeguards.
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The US GENIUS Act legalizes stablecoins backed by Treasuries but risks global financial contagion, prompting calls for dedollarization and stronger safeguards.