Big news from the U.S. āØšŗšøā on July 18, President Donald Trump
$TRUMP signed the GENIUS Act, a new law that could change the future of stablecoins and the entire crypto industry.
This law says that every stablecoin (a type of cryptocurrency that is supposed to stay equal to the U.S. dollar) $USDT must be backed 1:1 by real dollars or other real-world assets. And these companies must show proof ā full reserve disclosure ā so investors know their money is safe.
>What Are Stablecoins?
If you're new to crypto, here's a quick idea:
⢠A stablecoin is a digital coin that stays equal in value to something like the U.S. dollar (USD).
⢠It gives you the speed of crypto, without big price swings like Bitcoin.
⢠Examples: USDT (Tether), USDC, DAI, FDUSD.
$USDC But until now, some of these coins were not 100% transparent. People didnāt know if they were fully backed by real assets ā which made them risky during market crashes.
>Why This Law Is a Big Deal?
The GENIUS Act demands that stablecoins:
⢠Are backed 1:1 with real money or assets
° Prove their reserves regularly
⢠Get ready for U.S. regulation and supervision.
-This could boost public trust in stablecoins and open the door for big investors, banks, and even governments to use them.
š Experts say the stablecoin market could grow from $260 billion today to over $2 trillion by 2028!
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