Internet reports that U.S. Senator Bill Hagerty recently stated that the GENIUS bill will increase demand for U.S. Treasury bonds and consolidate the U.S. dollar's status as a global reserve currency. The bill, which has passed a key Senate vote, would provide a legal framework for stablecoin issuance, requiring stablecoin reserves to be backed 1:1 by cash or short-term U.S. Treasury bonds. According to Citibank's forecast, by 2030, stablecoin issuers may become the world's largest holders of U.S. Treasury bonds, with holdings reaching US$1.2 trillion.