@beastboy007
Innovation is not the focus of the GENIUS Act. It has to do with uniformity.
And that is precisely what we require.
Through improved custody and disclosure regulations, the act enhances the plumbing of US stablecoins. This is crucial for a protocol such as @re
These rails are essential to reUSD and reUSDe. The reinsurance products built on top of the base layer become even more dependable as it gets stronger.
This is important for the Re ecosystem for the following reasons: 👇
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