HTX DeepThink: If the GENIUS bill is passed, it will be favourable information for stablecoin payments and on-chain financial management.

2025-05-21 15:10:47

Deep tide TechFlow news, on May 21, HTX DeepThink columnist and HTX Research researcher Chloe (@ChloeTalk1) pointed out around the analysis of the GENIUS stablecoin bill that the US 10-year Treasury yield has fallen back to 4.46% today, and if the bill is officially passed, it may further lock in short-term Treasury bonds in the market, lower long-term interest rates, and introduce more “dollar-style” liquidity into the chain. Bringing new upward momentum to Bitcoin. The bond market volatility indicator MOVE has also fallen back to 101, and the Treasury Department’s $40 billion treasury bond buyback this month has been dubbed “stealth QE” by the market, and the funding environment is quietly loosening. On-chain data shows that 97% of bitcoin addresses are currently profitable, and bitcoin spot ETFs have inflowed another $330 million in a single day, and the fund sentiment is obviously on the high side. The options market is also positive, with BITO’s put/call position ratio of just 0.40, implying that most investors are betting on upside. If future government bond interest rates fall below 4.2%, Bitcoin is expected to challenge historical highs again.

In this context, the stablecoin payment and on-chain wealth management track, especially the TRX ecosystem (such as stablecoin payment) and the Sonic ecosystem (stablecoin DeFi tools) are expected to become new hot spots.

It is worth mentioning that KAITO, a leader in AttentionFi analyzed in this week’s HTX DeepThink column, has risen by about 30% since the column was published. Previously, Huobi HTX has listed KAITO.

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