Umthetho we-GENIUS: Ukucwangcisa iXesha elilandelayo loMthombo weMpahla yeMpahla yeHlabathi

Ngomhla we-18 kweyeKhala ngo-2025, iCongress yapasisa uMthetho wokuQondisa nokuSeka uBuchule beSizwe kwi-US Stablecoins Act, owaziwa ngokuba yi- GENIUS Act , ophawula uphuculo olukhulu kwi- real‑world asset tokenization . Njengoko ii-stablecoins zisebenza njengecandelo elibalulekileyo le-asethi digitization, lo mthetho unikezela ngesakhelo solawulo lwe-asethi tokenization esilindwe ixesha elide. Isiphumo: ukwamkelwa kwe-RWAs kunye noyilo lwe-tokenized.

Umthetho we-GENIUS kuphuhliso lwe-asethi ye-asethi yokwenyani uvula amandla enguqu kuwo onke amacandelo abalulekileyo, iibhanki, izindlu, iproptech, kunye ne-fintech. Esi sikhokelo sibonisa indlela abakhi beqonga abanokusebenzisa ngayo lo mthetho we-asethi wase-US ukuze uqalise i-scalable, i-platform ye-tokenization ekhuselekileyo ye-RWA kwaye iphumelele kuqoqosho lwe-stablecoin oluqhumayo.

Kutheni i-Stablecoins ibalulekile kwi-RWA Ecosystem?

I-Tokenization iguqula izinto ezibonakalayo kunye nezingabonakaliyo, i-real estate, iibhondi, ubugcisa, kunye neempahla kwiimpawu zedijithali kwi-blockchain. Oku kwenza ukuba ubunini obuqhekekileyo, ukuhlawula amatyala ngoko nangoko, kunye nentengiselwano esebenzayo. I-Stablecoins, i-1: i-1 ukuya kwi-fiat (efana ne-dollar yase-US), izisa uzinzo olungagungqiyo lwexabiso kunye nokucaciswa kokulawulwa kwempahla yedijithali yimfuneko ephambili yokufiphaza imida ye-asethi yedijithali kunye neyomzimba kwiiplatifti ze-RWA tokenization.

Imali yemarike ye-stablecoin yehlabathi idlule kwi-250 yeebhiliyoni zeerandi, ifikelela kwinqanaba eliphezulu elitsha, kunye nomthamo wentengiselwano ye-stablecoin ehlengahlengisiweyo yenyanga ye- 749 yeebhiliyoni zeerandi ngoMeyi kunye ne-886.4 yeebhiliyoni zeerandi ngoJuni 2025.

Okwangoku, ukuthengiswa kwee-asethi zehlabathi lokwenyani kulindeleke ukuba kunyuke ukusuka kwi-$2.7 yeebhiliyoni ngo-2023 ukuya kwi-$16.1 yeebhiliyoni ngo-2030 (CAGR 29.5%).

Ukuqinisa i-stablecoins njengokwethenjwa, elubala, kunye nokuthobela uMthetho we-GENIUS ixhasa i-tokenization kwaye ivule amandla e-pent-up ye-asethi ye-token e-US, inika abakhi ukukhanya okuluhlaza.

UMthetho we-GENIUS: UMgaqo-nkqubo oLawulayo

Umthetho we-GENIUS wazisa umgaqo-nkqubo oqinileyo we-RWA tokenization yezomthetho "yentlawulo ye-stablecoins," ukunyanzelisa ukungafihli, ukuzinza, kunye nokuthembela ngokusebenzisa iintsika ezingundoqo ezintlanu:

• IiMfuno zokuGcina: Funa i-1: 1 exhaswa yi-asethi yolwelo oluphezulu-idola zase-US, ii-Treasury bills, okanye iimali ze-money market-ukuqinisa ukuzithemba kunye nokunciphisa umngcipheko wenkqubo.
• Ukujongwa okuLawulwayo: Iibhanki kunye nabakhuphi abakhulu (ngaphezu kweedola ezili-10 zeebhiliyoni ezijikelezayo) bawela phantsi kolawulo lwe-Federal Reserve okanye i-OCC. Abaniki-mali abancinci basebenza phantsi kwee-charter zikarhulumente, begcina indawo yokuqalisa izinto ezintsha. Lo mmiselo we-blockchain we-asethi ye-token iqinisekisa ulawulo olufanelekileyo kuwo wonke ubungakanani bomkhuphi.
• UKhuseleko lwabathengi: Unyango oluphambili ekungatshoniyo komniki, ukuthotyelwa kwe-AML/BSA ngokupheleleyo enika ingcaciso esemthethweni, ukhuseleko lwabasebenzisi, kunye nokomeleza. SEC RWA tokenization imigangatho yokuthobela.
• Ukungafihli kunye noPhicotho-zincwadi: Udizo lwenyanga kubo bonke abakhuphi; Uphicotho-zincwadi lonyaka kwabo bangaphezulu kwe-50 yeebhiliyoni zeedola, ukonyusa intembeko kunye nentembeko yentengiso kuwo wonke amaqonga e-RWA tokenization.
• Ukuthotyelwa kweSanctions: Ukuvala ukusebenzelana ne-stablecoins yangaphandle engahambelaniyo kwaye kunyanzeliswe izohlwayo zase-US, ukugada ukhuseleko lwesizwe ngemithetho ye-asethi yase-US.

Le mizila yokugada ayifuthanisi inguqulelo; bayayitshisa ngokuzinzisa umqolo wempahla yexabiso yehlabathi.

Impembelelo yoTshintsho kuwo onke amaShishini okuBhankisha

Ngaphantsi koMthetho we-GENIUS, iibhanki zinokukhupha ii-stablecoins ezilawulwayo kunye neempahla ze-tokenize, ezifana ne-deposit, i-mortgages, kunye neebhondi, ezihambelana ngokupheleleyo ne-RWA tokenization yezomthetho.

• Ukusebenza kweNdleko: I-Stablecoins icutha umrhumo wentlawulo enqumla imida kwaye icuthe amaxesha entengiselwano kakhulu. Ngokomzekelo, iqonga le-Onyx likaJPMorgan linciphise iindleko ukuya kuthi ga kwi-30% xa kuthelekiswa neenkqubo zelifa.
• Ukubonakaliswa okutsha kwiMarike: Iimali mboleko kunye neebhondi ezinophawu zinokuvula iimarike zesibini. Iibhanki ezinkulu ezifana neBhanki yaseMelika kunye neBhanki yase-US zihamba ngokukhawuleza ukungena kwindawo ye-stablecoin, umngeni we-USDC (i-85 yeebhiliyoni zeedola) kunye ne-USDT (i-120 yeebhiliyoni zeedola). Oku kubabeka ekubeni bakhokele ii-asethi zophawu e-US ntengiso.
• Ukubandakanywa kwezemali: Ngokuvumela ukuthunyelwa kweendleko eziphantsi, ngakumbi kwiindawo ezinomrhumo onzima njenge-Afrika ekwi-Sub-Sahara (apho imirhumo ihlala ingaphezulu kwe-7%), iibhanki zingabamba ithuba elibalulekileyo lokukhula i-asethi yokwenene yehlabathi.
• Ukuthathwa kwemarike: Nge-$ 2.5 yezigidigidi kwiintengiselwano ze-stablecoin, iibhanki zinokuthi zifikelele kwi-20% ngo-2030, zifake i-250 yeebhiliyoni zeedola.
• Ithuba: Iibhanki zinokwakha isikali, Iiplatifti ze-RWA tokenization eziqhutywa yi-stablecoin ezibonisa iidiphozithi kunye nezixhobo zemali, ukunciphisa iindleko kunye nokunyusa amava omthengi ngelixa usenza imali kwi-tokenization ye-asethi ye-real-world post-GENIUS Act.

Izindlu ezithengiswayo kunye neProptech

Imakethi yezindlu zase-US inkulu, ixabisa i-18 yezigidi zezigidi zeedola, kwaye i-proptech ilambele ukusungula izinto ezintsha. Umthetho we-GENIUS uxhasa i-tokenization kwaye uxhobisa aba badlali ukuba baphinde bacinge ngokutsha kweentengiselwano zepropati ngokusebenzisa isakhelo solawulo lwe-asethi ekhuselekileyo.

• Utyalo-mali oluyinxenye: I-Stablecoin-enabled tokenized real estate yenza ukufikelela kwidemokhrasi. I-RealT, umzekelo, ibonise i-100 yezigidi zeedola kwiipropathi zase-US ukususela ngo-2023, ivula iingcango kubatyali-mali abathengisayo ngokusebenzisa i-RWA tokenization platforms.
• Ukuzinza ngokukhawuleza: Izivumelwano ezithatha iiveki ngoku zinokuzinza ngemizuzwana. Ukuthengiswa kwepropathi ye-555,000 ye-€ XNUMX eSpain usebenzisa i-crypto igxininisa le nto inokwenzeka kwi-real estate kunye nokulawulwa kwe-asethi ye-asethi kwisenzo.
• Ukunyuka kweMarike: Imarike yeProptech yeebhiliyoni zeedola ezili-19.6 (ngo-2023) kulindeleke ukuba iphindeke kabini ngo-2033 (CAGR 9.3%, ikamva loPhando lweMarike) kunye ne-asethi ye-asethi yokwenyani isebenza njenge-catalyst.
• Amaqonga Omeleziweyo: Iinkokeli zeProptech zinokubeka i-stablecoins kwingqeshiso kunye nokujongana nokuhamba kweentlawulo zexesha lokwenyani, uhlahlelo oluphuculweyo, kunye nokuhamba komsebenzi, konke kuthobela phantsi kwemithetho ye-asethi yase-US.
• Ithuba: Iifemu zeProptech zinokwakha amaqonga anikezela ngobunini obuqhetsebayo, ukuqeshisa, kunye nokuhlaliswa kwangoko, ukutsala abatyali-mali bamaziko kwiivenkile ezithengisa izinto ezithengiswayo.

Fintech

Abaqalisi be-Fintech bakwindawo entle yokukhwela i-GENIUS Act wave, besenza intlawulo ye-RWA-centric, ukuboleka, kunye nolawulo lwee-asethi ngokuhambelana nokuthotyelwa kwethokheni ye-SEC RWA.

• Ukungena kweNkunzi: Ukucaca okulawulwayo kuqhube i-Stable Pay (iqonga le-B2B stablecoin) ukunyusa i-$ 200 yezigidi kwi-Series B inkxaso-mali ekuqaleni kwe-2025, ekhokelwa nguSequoia.
• I-DeFi Synergy: Ngaphezulu kwe-10 yeebhiliyoni zeerandi kwii-asethi ze-token ngoku zixhasa ukuboleka kwe-DeFi exhaswa yi-RWA-backed kunye nokulima kwesivuno, ebonisa ukuba uphuhliso lwe-asethi ye-asethi yokwenyani lungena kwinqanaba lokukhula.
• Iimveliso zeGener elandelayo: I-FinTech's inokwakha ukusebenzisana okunqamlezileyo, ukukhutshwa kokhuseleko oluphawulweyo, kunye nesikhokelo sesazisi esinatyisiweyo, zonke ziqhutywa zii-stablecoins kwaye zixhaswa sisikhokelo somthetho se-RWA tokenization.
• Iinzuzo zokuSebenza: UMcKinsey uqikelela ukuba i-blockchain-based fintech inokongeza i-200-340 yeebhiliyoni zeedola ngonyaka kwimveliso yebhanki ngo-2030, ikakhulu iqhutywa zii-asethi ze-token e-US.
• Ithuba: Abavelisi be-Fintech banokwenza amaqonga akhuselekileyo, athobelayo e-RWA tokenization, iintlawulo ezithatha ixesha elide, ukuboleka, kunye nolawulo lwe-asethi, ukutsala inkunzi yamaziko kunye nokuthengisa phantsi koMthetho we-GENIUS.

Intsebenzo

I-Stablecoins iguqula indlela utshintshiselwano lwe-RWA olubonisa ngayo:

• UkuSebenza ngokunqamlezileyo kwimida: Bazahlula ngesiqingatha iindleko zokudluliselwa xa kuthelekiswa ne-SWIFT, inkuthazo yezindlu nomhlaba kunye nemali yehlabathi.
• Ukuzinziswa kwexesha lokwenyani: Iintengiselwano ezinophawu zilungiswa ngoko nangoko, zilungelelaniswa nombono weFedNow wexesha lokwenyani lebhanki phantsi kophawu lwe-asethi yehlabathi lokwenyani emva kweGENIUS Act.
• Ukuphatha uMqulu: Umthetho we-GENIUS uxhasa amaqonga eethokheni ezikwaziyo ukulawula urhwebo lwe-RWA olunomthamo ophezulu ngokukhuselekileyo nangokukhawuleza.

Ukhuseleko & Ukuthotyelwa

Ukuphatha ii-asethi zehlabathi zokwenyani kuthetha ukulawula umngcipheko. I-GENIUS ibeka isiseko solawulo:

• Izigunyaziso zeCybersecurity: Abakhuphi kufuneka baphumeze ukhuseleko oluluqilima. Izixhobo ezifana nePlaid's Signal sele iflegi ye-55% yentengiselwano engagunyaziswanga, imfuneko ebalulekileyo phantsi ummiselo we-blockchain yee-asethi ezinophawu.
• Oovimba abangafihliyo: Ubhengezo lwenyanga kunye nophicotho-zincwadi lonyaka lwabakhuphi abakhulu baqinisekisa ukuthembela komsebenzisi kwithokheni yokulingana kwexabiso, intsika ephambili RWA tokenization isemthethweni isakhelo.
• Ulungelelwaniso loLawulo: Iimfuno ze-AML kunye ne-BSA zinceda ukuphelisa imali engekho mthethweni ngaphakathi kwamaqonga ee-asethi okwenene.

Yise kude

UMthetho weGENIUS uxhasa ukuthengiswa kweetokeni kumacandelo onke, uvula indlela enkulu yokungena, i-$16.1 yezigidigidi kwi-asethi yokwenyani, kunye ne-ecosystem ye-stablecoin eyi-$250 yezigidigidi, exhaswa kukucaca komthetho kwisakhelo seeasethi zedijithali. Umema iibhanki, iProptech, kunye ne-fintech ukuba zakhe ngobuchule, zakhe ngokuhambelanayo, kwaye zakhe ngokukhawuleza. Abakhi beqonga banokuvula iingenelo zobuchule ezixhaswa ngumthetho, ukungabi namali, kunye nokuba semthethweni.

Iqabane kunye ne-Antier ukwamkela uMthetho we-GENIUS. Yakha amaqonga akhuselekileyo, alungele uphicotho, athobelayo ngoku, kwaye akhokele ihlabathi kwikamva lemali ye-asethi yedijithali.