【稳定币周报】稳定币冲击美国银行体系,PayPal构建去中介支付架构

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28 Jul

《GENIUS Act》的通过标志着美国加密立法进入新阶段。而参众两院围绕《CLARITY Act》的争议,也揭示出两种监管哲学:一方侧重功能定义与通用性,另一方则聚焦金融嵌套与稳定币体系本身。面对稳定币的冲击,银行系统开始做出回应,从重构分发路径、引入链上信贷抵押,到将利率生成外包至代币化资产,正向模块化、接口化演进,以适应链上资产参与流动性生成的时代。PayPal则选择绕过银行,直接在数字资产...

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