Each bank will be issued Stablecoin after the Genius Act passed star-news.press/wp

Guillaume Poncin of Alchemy predicts that the approval of the genius law will soon bring in major financial institutions to Stablecoin.

The US Senate passed the Genius Act, bringing the long -awaited organizational clarity to Stablecoins. With this development, the major financial institutions are expected to launch their Stablecoins. He performed Guillaume Poncin, CTO OF Alchemy, interview with Crypto.News. Alchemy works with Visa, Coinbase, Stripe and Robinhood on Stablecoin.

So far, major banks have declined, waiting for clear regulations, the need for the new bill addresses. Bonsin believes that in the future, each Stablecoin will issue its Blockchain.

Crypto.News: I recently suggested that banks will soon version Stablecoins and run Blockchains. What are the main advantages of this step for them and their customers?

GP: For banks, their Stablecoins version allows them to capture the common reserves, with the ability to achieve hundreds of millions of annual revenues from the treasury revenues at the current rates. It also maintains control of customer relationships and transactions flows instead of waiving this for third -party exporters.

For customers, the bank’s Stablecoins provides an immediate settlement, 24/7 available, and programmed funds supported by confidence and organizational protection of traditional banking relations. The correct infrastructure of web3 makes it possible for banks to launch these capabilities under the developed of Blockchain.

CN: If the banks entered Stablecoin’s business, what does this mean for the main stablecoin exporters such as Circle and Tether?

GP: Circle and Tether established itself as a virtual bakery for original cryptocurrencies and international transfers. Banks can focus on different sectors, such as corporate cabinets, organized institutional flows, and integration with current banking services. Your Stablecoin has additional control of assets and the ability to generate the return.

The market is huge and growing. There is room for specialized players. The next public subscription is achieved from Circle in this thesis already because it shows that traditional financing recognizes Stablecoins as a legal infrastructure. We are the power infrastructure for both the current exporters and banks that explore this space, and we see a stadium with a wide space to offer new products and market development.

CN: Looking at the role of Alchemy, which operates the USDC (through the circle), what are the differences you see in how the exporters such as Dether and Circle Circle Contings, compliance, and infrastructure?

GP: Circle has followed a very organized and transparent approach, with regular certificates, clear banking relationships, and working closely with the organizers. This makes USDC attractive to institutional use and integration with traditional financing.

Tether works like a global liquidity provider in that it gives priority to the availability and ease of use across the markets.

From an infrastructure perspective, Circle tends to be more conservative with technical changes, while Tether is more expanding about multiple transition. Both have their bodies. USDCs may prefer compliance and transparency, while developers or platforms that focus on access to emerging markets may benefit from access to access.

CN: Blockchain infrastructure is difficult. Do you think banks will prefer layer 1 or Layer-2 networks? What does this mean for a large -layer ecosystems such as ethereum?

GP: This depends on the state of use. For widespread operations such as B2B transactions, banks may prefer to work directly on layer 1 to maximize safety and end. However, for retail applications, Layer 2 networks are more logical because they provide sub -transactions, customized safety settings, and the ability to obtain transactions revenues through sequence fees. For example, Coinbase already generates more than $ 200 million annually from the base, L2.

This is actually bullish for ethereum. L2S still settles on Ethereum, so it takes advantage of its security. We see an explosion of a specialized L2S specialized. Some of them are improved for payments, while others are trading or identity. Banks can choose or build an L2 that matches compliance requirements and specific performance with the inheritance of the security that was tested in the battle from ETHEREUM. This is where the standard chimney chimneys come within reach. With solutions such as Alchemy’s Rollups-AS-Service (RAS), institutions can launch designed L2S designer that inherits ETHEREUM security while providing full control of implementation, fees, data availability and more.

CN: Banks require continuous contact to facilitate transactions between their customers. How do you imagine the interconnection between Blockchains in this context?

GP: Buldim operation is the most important challenge, but it is solvable. We already see solutions that appear with the chain messaging protocols, joint serial networks and atomic swap mechanisms. The key is that, unlike the banking services of traditional correspondents, Blockchain can be unreliable.

I imagine a model where the major bank chains are connected to the existing protocols, similar to how international plastic transfers make today, but without multiple settlement times. Over time, we will see more sophisticated solutions, and may participate in the joint infrastructure where banks can maintain sovereignty while enabling the inter -operation.

CN: What is the role of Alchemy in facilitating the benefit of this financial institution to Blockchain technology?

GP: We are the infrastructure layer that makes Blockchain available to institutions without asking them to become Blockchain experts. Think of us as AWS for Web3. We are dealing with knot management, portfolio infrastructure, data indexing, and reliability, so that banks can focus on building products.

Specifically, we offer applications and developers programming facades that operate everything from simple balance to integration Defi. We are working with the Great Banks and Fintechs who use our infrastructure for everything from custody solutions to launching their own chains.

After canceling SAB 121, we saw an immediate boom in inquiries from the largest banks in the world. They do not ask “if”, they ask, “How quickly is the move?” Our role is to make this transition as smooth as possible.