Major event: US Senate approves GENIUS bill, stablecoin industry ushers in 'Age of Discovery' On May 20th, the US stablecoin legislation bill, the GENIUS Act, was passed in a Senate vote. Currently, there are still two stages to go before it officially takes effect: a vote in the House of Representatives and submission to the President for signature. It's only a matter of time before it's officially approved. 1/Long term perspective The bill brings regulatory clarity and compliance, benefiting the entire encryption industry; Traditional financial institutions and giants may face consequences, and compliant US dollar stablecoins will further spiral inward; The US dollar will continue to achieve global expansion on the chain (currently, the total amount of stablecoins accounts for only 1.1% of the US dollar supply). For @ levelUSD, this is a significant positive development. Firstly, unlike other income based stablecoins, lvlUSD can only be minted through USDC or USDT, without any regulatory concerns (the GENIUS Act requires stablecoins to have a mandatory 1:1 full asset collateralization). Secondly, as the "nested layer of returns" for stablecoins, Level will not compete with potential compliant US dollar stablecoins in the future, but can leverage its momentum for growth. At present, Level TVL is $180 million, with a minimum growth potential of 30 times compared to Ethena. The official team has been working hard on integration recently, such as the newly launched Steakhouse USDC vault, which is supported by Morpho and aims to strengthen the Level ecosystem. Through this vault, users can: Obtain USDC loan income Enjoy a 5x Level XP acceleration bonus I suggest participating, I have pressed the head multiple times. The era of stablecoins is about to arrive, and we are both witnesses and participants.