<ul data-eligibleForWebStory="false"><li>The U.S. Senate passed the GENIUS Act to strengthen stablecoin oversight.</li><li>Amundi asset manager warns that the GENIUS Act could unintentionally weaken the U.S. dollar's dominance.</li><li>The stablecoin market has grown to over $254 billion, and is projected to reach $3.7 trillion by 2030.</li><li>The GENIUS Act aims to make stablecoins safer by ensuring full collateralization, but concerns are raised about potential negative impacts on the U.S. dollar's strength and the stability of the financial system.</li></ul>

The US’ GENIUS Act Could Be A Disaster Waiting To Happen, Amundi Warns

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