The US GENIUS Act could boost stablecoin adoption globally, but it may redirect capital to tokenized assets due to a ban on yield-bearing stablecoins. Trillions of non-interest-bearing stablecoins are expected to enter digital finance, demanding yield and infrastructure for accessing it. Tokenized Treasury and money market funds have seen significant growth.
Uniform Labs is developing Multiliquid, an institutional liquidity layer for tokenized markets allowing real-time conversion between tokenized assets and stablecoins. The open-architecture design enables compliant issuers to integrate without commercial agreements. The company is collaborating with leading institutions, fintechs, and stablecoin issuers ahead of its production launch.
The GENIUS Act will benefit tokenization as much as stablecoins, broadening the tokenization market beyond private credit and government bonds. Asset fractionalization enabled by tokenization can level the investing playing field for asset classes like real estate and private equity, making them more accessible to a wider range of investors.
Read more at Cointelegraph.com
1. Bitcoin hits new all-time high of $60,000, surpassing previous record set in February. The cryptocurrency continues to gain popularity among investors as it reaches new milestones.
2. Ethereum’s price also reaches record high of $2,100, fueled by increasing interest in decentralized finance (DeFi) applications. The blockchain platform’s value continues to rise.
3. Dogecoin sees significant surge in value, reaching an all-time high of $0.08. The meme-based cryptocurrency gains attention from retail investors and social media influencers.
4. NFT market continues to boom, with sales reaching $342 million in February alone. Non-fungible tokens are becoming increasingly popular in the art and collectibles space.
5. Tesla announces it will accept Bitcoin as payment for its products, further legitimizing the cryptocurrency as a form of payment. The move is seen as a major endorsement of Bitcoin’s utility and potential.: GENIUS Act Stablecoin Ban May Fuel Tokenization Market Growth