Bitget CEO Predicts 30% Stablecoin Growth Under GENIUS Act
The post Bitget CEO Predicts 30% Stablecoin Growth Under GENIUS Act appeared on BitcoinEthereumNews.com. The GENIUS Act establishes a regulatory framework for stablecoins, backed by U.S. Treasury reserves. Bitget’s Gracy Chen says USDC and USDT market caps could grow 20–30% annually under the new law. Smaller stablecoin issuers may face compliance challenges, leading to possible market consolidation. Bitget CEO Gracy Chen says regulated stablecoins like USDC and USDT could see 20% to 30% annual growth under the newly advanced GENIUS Act. The U.S. law brings stablecoins under formal oversight, aiming to boost trust, drive institutional adoption, and strengthen the global role of the U.S. dollar. The bill now moves to the House of Representatives for review, with President Trump urging its swift passage. GENIUS Act to Drive Stablecoin Adoption Notably, the GENIUS Act requires stablecoin issuers to maintain reserves backed by U.S. Treasury securities. This measure aims to reduce risk, increase transparency, and tie digital assets more closely to the strength of the U.S. economy. Related: Trump’s Push for Speed Puts Senate-Passed GENIUS Act to a Political Test in the House Growth Potential for USDC and USDT In her commentary, Bitget’s Chen stated that the GENIUS Act will encourage wider adoption of regulated stablecoins. Taking to X, she predicted that leading dollar-backed stablecoins such as USDC and USDT could grow their market capitalizations by up to 30% annually, assuming favorable market conditions. “In a world craving safety and predictability, this regulatory clarity is a green light for institutions and a trust layer for investors,” Chen said. Regulation as a Trust Builder Furthermore, Chen emphasized that regulation, while sometimes viewed as restrictive, is essential for the long-term health of financial markets. She compared regulators to parents: “annoying but necessary,” she said in a video. While the GENIUS Act may benefit major stablecoin players, it could also create barriers for smaller issuers. The law’s reserve requirements…
The post Bitget CEO Predicts 30% Stablecoin Growth Under GENIUS Act appeared on BitcoinEthereumNews.com.
The GENIUS Act establishes a regulatory framework for stablecoins, backed by U.S. Treasury reserves. Bitget’s Gracy Chen says USDC and USDT market caps could grow 20–30% annually under the new law. Smaller stablecoin issuers may face compliance challenges, leading to possible market consolidation. Bitget CEO Gracy Chen says regulated stablecoins like USDC and USDT could see 20% to 30% annual growth under the newly advanced GENIUS Act. The U.S. law brings stablecoins under formal oversight, aiming to boost trust, drive institutional adoption, and strengthen the global role of the U.S. dollar. The bill now moves to the House of Representatives for review, with President Trump urging its swift passage. GENIUS Act to Drive Stablecoin Adoption Notably, the GENIUS Act requires stablecoin issuers to maintain reserves backed by U.S. Treasury securities. This measure aims to reduce risk, increase transparency, and tie digital assets more closely to the strength of the U.S. economy. Related: Trump’s Push for Speed Puts Senate-Passed GENIUS Act to a Political Test in the House Growth Potential for USDC and USDT In her commentary, Bitget’s Chen stated that the GENIUS Act will encourage wider adoption of regulated stablecoins. Taking to X, she predicted that leading dollar-backed stablecoins such as USDC and USDT could grow their market capitalizations by up to 30% annually, assuming favorable market conditions. “In a world craving safety and predictability, this regulatory clarity is a green light for institutions and a trust layer for investors,” Chen said. Regulation as a Trust Builder Furthermore, Chen emphasized that regulation, while sometimes viewed as restrictive, is essential for the long-term health of financial markets. She compared regulators to parents: “annoying but necessary,” she said in a video. While the GENIUS Act may benefit major stablecoin players, it could also create barriers for smaller issuers. The law’s reserve requirements…
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