The Federal Reserve has highlighted the increasing importance of stablecoins in recent discussions, focusing on their potential impact on payment systems and financial stability. The passage of the GENIUS Act, aimed at integrating stablecoins into the U.S. payment system, marks a significant step towards this integration. This legislation could significantly influence U.S. Treasury demand by boosting the adoption of stablecoins, impacting market dynamics and payment efficiency. 🧠Stablecoins are gaining attention in this context, with various Federal Reserve members analyzing their potential impact on markets and financial systems. The GENIUS Act’s implementation could increase the use of stablecoins in payment systems, potentially leading to increased demand for assets like U.S. Treasuries. This shift is expected to boost efficiency in payments. 💵 Amidst these developments, Bitcoin’s price has experienced a decline, reflecting market caution about potential policy shifts.