Is the GENIUS Act the next altseason catalyst? A new U.S. bill focused on stablecoins could reshape the foundation of the cryptocurrency industry. 🔹 Clear rules for stablecoins 👀 🔸 Institutional greenlight 🔹 Potnetially, Ethereum that wins big Let’s break it down 🧵

A new U.S. bill proposing a framework for stablecoins: 🔹 Reserve and audit requirements 🔸 Licensing for issuers 🔹 FDIC-style protection mechanisms 🔸 Clear federal oversight It’s the most serious crypto bill in years.

Why does it matter? Stablecoins = the liquidity of crypto. 🔹 $258B+ in circulation 🔸 Power DeFi, payments, trading 🔹 Currently live in legal gray zones 🔸 Regulation unlocks institutional participation This is a liquidity unlock event.

But why do banks care about issuing a stablecoin? 🔹 It's simple, anon - @Tether_to is making bank with approximately 14b net profit in 2024. 🔸 The TradFi behemoths want a piece of the cake with their own stablecoins, as it is the ideal product for them.

But why stablecoins and why not DeFi or anything else? 🔹 Well, it turns out that stablecoins are WILDLY profitable, Tether has a ridiculously small team compared with the TradFi behemoths 🔸 In other words, the margins are considerable - and TradFi wants in.

Who wins if the GENIUS Act passes? 🔹 @ethereum ~50% of all stablecoins live here 🔸 USDC/USDT issuers like @circle & @Tether_to 🔹 DeFi protocols & DEXs 🔸 TradFi players looking for compliant rails ETH becomes the global stablecoin settlement layer.

The total supply of stablecoins on Ethereum has just hit an all-time high. 🔹 More value parked than ever 🔸 Growing dominance of USDC 🔹 On-chain velocity increasing 🔸 Base layer for serious volume The foundation is already set.

Stablecoins generate more revenue on Ethereum than anything else. Not NFTs. Not memecoins. Not gas wars. 🔹 $127B+ stablecoins live on ETH 🔸 100s of millions in annual fees 🔹 Powering DEXs, lending, bridges 🔸 Tether & USDC lead the flow The GENIUS Act could unlock even more if banks start issuing stablecoins, ETH wins.

On-chain activity is surging. 🔹 Daily gas usage is climbing 🔸 Transactions near ATHs 🔹 Layer 2s feeding into L1 🔸 Usage across DeFi, staking, and restaking Ethereum isn’t asleep. It’s building pressure.

User growth is back. 🔹 Daily active wallets on the rise 🔸 L2s onboarding new users 🔹 Bridges funneling traffic to Ethereum 🔸 More demand = more ETH burned This time, it’s sticky.