<ul data-eligibleForWebStory="false"><li>Vincent Mortier, Chief Investment Officer at Amundi, warns that legislation requiring stablecoins to be fully collateralized could undermine the dollar's dominance.</li><li>Mortier believes stablecoins, if backed 1:1 with U.S. assets, may become competition for the dollar instead of strengthening it.</li><li>The GENIUS Act, which sets requirements for stablecoin issuers, could pave the way for corporate-backed digital dollars and a $3.7 trillion market by 2030.</li><li>While some see opportunity in stablecoin regulation, concerns are raised about potential disruptions to global finance, particularly regarding the role of issuers acting like banks.</li></ul>

Could Stablecoins Undermine the Dollar? Europe’s Largest Asset Manager Thinks So

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