How America’s Stablecoin Gamble Could Backfire—and Hand China the Advantage

By passing the GENIUS Act, the United States has signaled its commitment to building a stablecoin-based economy. Through this initiative, it aims to reinforce the global dominance of the dollar. However, Yanis Varoufakis views it as a recipe for disaster.   In an exclusive interview with BeInCrypto, the Greek economist and former finance minister warned that the legislation could trigger a financial crisis even more severe than in 2008 source: https://beincrypto.com/how-americas-stablecoin-gamble-could-backfire-and-hand-china-the-advantage/