Bernstein: Stablecoins with the new law will become the money infrastructure of the internet
Bernstein analysts say that Stablecoin Genius Act, which is expected to enact this summer this summer, will make Stablecoins a “digital cash on the Internet ve and form the basis of the new generation of financial innovations.
WHAT IS GENIUS ACT?
Genius ACT (Guiding and Establishing the National Innovation for U.S. Stablecoins Act of 2025), which is scheduled to be voted in the US Senate this week, is the first comprehensive law to officially define and regulate stablecoins throughout the country.
According to the draft law, Stablecoins will now be legally defined as “Payment Stablecoin (Payment Stablecoin). This definition is the digital assets:
Supporting with 100 %reserves (especially US Treasury bills, repo transactions and demand deposits),
not classified as securities or deposits,
And it involves accepting as “digital cash ..
🏦 Three different export models
Three different categories will be created for Stablecoin exporters within the scope of the law:
Bank subsidiaries,
OCC (Money Supervision Office) Approved non -financial companies,
Licensed organizations at state level.
Accordingly, foreign stablecoin companies who want to operate in the US will not be able to tract unless they meet local compliance standards.
🔍 What does Bernstein say?
Bernstein analysts say that this law will play a transformative role not only for the crypto industry, but for future digital finance and internet infrastructure:
“Stablecoins are not only for the crypto, but now for the Money Rail of the Internet. This law may be the basis of the financial innovations of the next decade.”
The report also points out that Stablecoins make Blockchain more widely accepted as a global payment infrastructure.
🧾 Compliance Rules: Freemlation at bank level
GENIUS ACT is also for all exporters:
AML (fight against money laundering),
KYC (Customer Recognition)
such as the bank level of supervision and transparency rules. Particularly for non -financial public companies, the export of stablecoin will be subject to a high threshold.
Bernstein’s evaluation clarifies the future of Stablecoins:
They are no longer not only on the crypto exchanges, but a digital cash passing through the Internet.
If GENIUS ACT is enacted, a serious regulation threshold will be formed for new players, especially existing exporters such as Tether and USDC. However, those who can overcome this threshold may be the first digital money actors integrated into the US financial system.
