Background of the GENIUS Act and Its Global Impact

The GENIUS Act is widely seen as a crucial step in U.S. stablecoin regulations. The law encourages issuers to shift from yield-based models to payment-focused use cases. Fabian Dori, Chief Investment Officer at Sygnum, explains that the act aligns the U.S. regulatory framework more closely with the European Union’s MiCA (Markets in Crypto Assets) regulations. This move paves the way for global consensus on stablecoin regulation, creating a solid foundation for real-world use cases.

You Might Be Interested In: Sonic SVM Research: Can New Stablecoins Shake Up the Old Order?

According to Dori, the true impact of the GENIUS Act is far beyond regulatory clarity. By offering long-awaited transparency, it boosts confidence among organizations and issuers, encouraging the development of innovative killer apps that not only meet current customer needs but also create demand for entirely new services, including payment solutions.

New Payment Services and Applications Gaining Momentum

Industry giants like Mastercard and PayPal are already laying the groundwork for compliant stablecoin usage, while companies like Amazon and Walmart are exploring applications in payroll and cross-border settlements. These developments highlight the growing potential of stablecoins for payments.

Dori suggests that with interest-bearing stablecoins being limited, issuers will focus more on features like real-time settlement, low transaction costs, and programmable functionalities integrated into payment systems. In this competitive landscape, utility is expected to trump yield, and stablecoins will drive adoption in real-world commerce.

Consumer Adoption Remains the Key to Success

Despite these changes, retail adoption is still a crucial factor. Dori emphasizes that it is not fintech companies but consumer adoption that will determine the pace of stablecoin integration. Polygon Labs Head of Payments and Fintech, Aishwary Gupta, notes that even before the GENIUS Act, there was significant growth in payment-focused stablecoin usage. Gupta points out that Polygon has seen a 67% rise in micropayments, which shows how real-world demand is shaping this shift.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post GENIUS Act Sparks a New Era for Stablecoins and Payment Services appeared first on Coin Engineer.

Revolutionizing the Block Proposal System!

Published on March 1, the “Decentralized Random Block Proposal” introduces a Byzantine Fault Tolerance (BFT)-based algorithm to fully decentralize block building and accelerate transaction propagation across the network.

You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!

While Ethereum’s Proof-of-Stake model and proposer-builder separation (PBS) have mitigated MEV concentration to some extent, block production has become more centralized.

Ethereum Foundation researcher Toni Wahrstätter reported that in early October, two block builders were responsible for 88.7% of Ethereum blocks. Although this number has dropped to around 80%, it remains a significant centralization concern.

How This Proposal Eliminates MEV!

According to Malik672, the new system would:

• Distribute block building across thousands of clients, eliminating central control.
• Prevent MEV-based manipulation, ensuring fair transaction processing.
• Restore Ethereum’s trustless and decentralized ethos.
• Reduce slot times from 12 seconds to 6-8 seconds.

This proposal aligns with Ethereum developers’ decision on February 13 to accelerate the network’s upgrade cadence for a more efficient technical roadmap.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Ethereum Researcher Proposes Solution to Fix Centralization Issues! appeared first on Coin Engineer.