Genius Terminal (GENIUS)

Totally disagree here respectfully. An actual GENIUS licensed/OCC regulated stablecoin is objectively safer than the average, rando FDIC insured bank because when the bank needs the bailout, you still aren’t 100% sure it’ll happen like SVB. But the GENIUScoin is safe at any amounts & all forms of unwinding (assuming no fraud).

The banks have it wrong on stablecoins.

Our new report is the most comprehensive model on the impact of stablecoins on the banking system and Treasury market.

- 60-70% of stablecoin growth under GENIUS will originate offshore

- Imported deposits from offshore will exceed domestic deposit migration by roughly 2:1

- Each newly minted GENIUS stablecoin generates approximately 32 cents of net U.S. credit

- Total credit expansion through 2030 is projected at ~$400 billion in our base case and ~$1.2 trillion in the bull case

- Treasury bill yields compress by 3-5 basis points, saving taxpayers up to $3 billion annually in borrowing costs

- Interest pass-through is not an existential threat to U.S. banking; it reallocates margin rather than eliminating capacity