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USDC's Regulatory Monopoly: The Resolv Exploit and GENIUS Act Are Building an Institutional Dollar Stack That Excludes DeFi

Three converging forces are constructing a regulated stablecoin infrastructure that excludes DeFi yield alternatives. USDC's 64% adjusted transaction volume dominance is now the institutional settlement standard, reinforced by the Resolv exploit (validating regulatory caution) and accelerated by GENIUS Act Section 4(c) yield prohibition. The end state is institutional USDC/bank stablecoins versus retail USDT/DeFi alternatives—a two-tier dollar system.

stablecoinsusdcusdtregulationgenius-act1 min readMar 25, 2026
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