The stablecoin bill — GENIUS Act — passed the Senate  68-30 with bipartisan support. 

Now back to the House for a vote and then stablecoin golden era will start.

Can someone give an eli5 on what will happen if this bill passes?

There's no way to eli5 how dollars work unfortunately.

There's no way to eli5 how dollars work unfortunately.

https://www.youtube.com/watch?v=7WoaijJUtFA

BTW that video is great highly recommend watching it.

OK gun to my head eli35:

Banks can issue stablecoins and it will expand large big tech and banking payment networks.