Lol

www.economist.com/finance-and-...

“Some of the most transformative innovations in modern finance simply changed the way in which assets are packaged, sliced and reconstituted—the elf, the eurodollar and securitised debt.”… “the view that crypto has not produced any innovations of note can be consigned to the past.”

Great news to see law written to regulate crypto well.

With the GENIUS + Clarity Acts, tokenized T-bill funds like Superstates' $USTB are poised to become the gold standard collateral for compliant, transparent, and safe stablecoins.  TradFi rails, Crypto speed.

What makes USTB unique?  
➕ 100% short-term U.S. Treasuries held at a custodian 
➕ Same-day to T+1 liquidity, no lockups
➕ No cash or credit exposure  
➕ Ideal from a collateral quality standpoint

That means private tokenized funds like $USTB, which hold only short-dated U.S. T-bills and settle on-chain (e.g., via Ethereum), can qualify—as long as:

✅ Issuer is regulated (state/federal trust)  
✅ Collateral is verifiable  
✅ Reserves are 1:1 and segregated

Stablecoins are required to be backed 1:1 by high-quality liquid assets like

➕ USD Cash
➕ U.S. Treasuries (<93 days maturity)
➕ Repo backed by Treasuries
➕ MMFs investing in the above
➕ Tokenized representations of these assets (if compliant)

But also allows for expression of individual independence, particularly with personal fireworks displays that pretty much everyone enjoys and no one reports. A great day every year. 🎆🇺🇸🎇

Tokenizing assets so that they have the superpowers inherent to blockchains while also maintaining compliance for broad access will be wildly more valuable to investors.