According to Odaily Planet Daily, the Federal Reserve released the minutes of its July meeting, which mentioned that many participants discussed recent and future developments related to payment stablecoins and their potential impact on the financial system. These participants pointed out that with the recent passage of the GENIUS Act (the United States Stablecoin Guidance and National Innovation Act), the use of payment stablecoins may increase. They stated that payment stablecoins can help improve the efficiency of the payment system and observed that such stablecoins may increase demand for the assets behind them (including U.S. Treasury bonds). In addition, the participants who expressed their opinions expressed concern that stablecoins may have a broader impact on the banking and financial system and the implementation of monetary policy, and therefore deserve close attention, including monitoring the various assets used to support stablecoins. (Jinshi)