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US GENIUS Act Sparks Fears of Global Financial Destabilization, Says Amundi
US GENIUS Act Sparks Fears of Global Financial Destabilization, Says Amundi
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BTCCSquare news:
The GENIUS Act, recently passed by the US Senate, seeks to regulate dollar-backed stablecoins—a MOVE that could reshape global finance. Amundi, Europe's largest asset manager, warns of systemic risks as the legislation may deepen global reliance on the dollar. By mandating stablecoin issuers to hold US Treasury reserves, the Act could amplify dollar dominance while straining monetary sovereignty elsewhere.
Market observers see this as a strategic play in digital monetary warfare. The law's technical veneer belies its potential to disrupt financial ecosystems worldwide. Stablecoins, once niche, now stand at the center of a geopolitical tug-of-war between regulatory control and decentralized finance.
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