Does the passing of this stablecoin bill mean that AMPL is completely out of the game?
The Stablecoin Act Genius has made progress, and many analysis posts have listed related stablecoin concept coins, such as Ethena, Sky, Liquity, Aave, etc. In fact, if the Genius Act is officially passed, the above projects do not meet the compliance requirements of the act, and instead will introduce competition from Trafi institutions, making the market more competitive. The Genius Act is actually bearish for most decentralized stablecoin projects, rather than bullish.
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