Canaccord "Stablecoin, Will Promote Strengthening Of Global Dollar Hegemony"

The global investment bank Canaccord Genuity recently stated in a report that the Stablecoin regulation law 'GENIUS' passed by the US Senate will further strengthen the international status of the Dollar. The report indicated that this law effectively grants Stablecoins a status equivalent to cash from the US government, implying that the scope of Stablecoin use could surpass cryptocurrency transactions.

Canaccord particularly forecasted that Stablecoins complying with the GENIUS law are likely to be used in international payments and trade. This means that Dollar-based Stablecoins will establish themselves as a new payment method within the global economy, further enhancing the Dollar's status as a global currency.