US Senate Passes GENIUS Act on Stablecoins

The US Senate recently passed the GENIUS Act, a regulatory measure targeting stablecoins in the cryptocurrency sector, prompting expert concerns about possible global financial instability due to stablecoins' inherent risks. Decentralized finance (DeFi) platforms such as STON.fi are expanding rapidly, leveraging blockchain to transform financial services and ecosystems. Blockchain technology is increasingly used to create transparent, tamper-proof records, revolutionizing lending and credit by enabling individuals to demonstrate creditworthiness without traditional banks. This trend has sparked debate about whether innovations like cryptocurrencies could eventually replace long-standing financial benchmarks such as US Treasury bonds. As blockchain continues to disrupt traditional finance, some view it as a solution to issues like credit access and the US debt crisis, though skepticism about its stability and long-term effects remains. The impact of these new regulations and technologies on global finance is still unfolding.