StablecoinRevolution

The GENIUS Act has been passed — but experts say stablecoins have the potential to damage the global economy.#GENIUSActPass

Stablecoins are back in the spotlight after the Senate finally passed the GENIUS Act — a key milestone in creating clear rules of the road for crypto firms to follow.
The bill would require issuers to fully back their stablecoins with U.S. dollars, and licensing would depend on the total market capitalization of their digital assets.
There are also safeguards for consumers, who would be paid first in the event of a bankruptcy, with tightened rules to prevent money laundering and terror financing.
Donald Trump wasted little time in showing his enthusiasm for the new legislation, writing on Truth Social: “Get it to my desk, ASAP — NO DELAYS, NO ADD ONS.”#SwingTradingStrategy

But hurdles remain for the GENIUS Act. It’s still got to be passed by the House of Representatives — and a long summer recess is looming.#StablecoinRevolution
$BTC $ETH $BNB
Bitpace CEO Anil Oncu told Cryptonews that this bill could drive stablecoin growth and have a significant positive impact on financial inclusion, adding:#Write2Earn
“With stablecoin supply now at $239 billion, up from under $10 billion five years ago, regulation is essential. Many US institutions remain cautious due to unclear rules, however, a unified framework removes that barrier and will unlock pent-up institutional demand.”#BitcoinDunyamiz

#Stablecoins #StablecoinRevolution
🔥 Digital Dollar Takeover: Visa Expands USDC Settlements Across Africa and CEMEA with Yellow Card! 💰🪙

Visa is making big moves in the world of crypto by partnering with Yellow Card, a major African fintech company, to roll out stablecoin payment systems across Central and Eastern Europe, the Middle East, and Africa (CEMEA). Together, they aim to revolutionize cross-border payments by using blockchain technology and digital dollars ($USDC ). This strategic partnership will help businesses and users send money faster, cheaper, and more efficiently — even on weekends and holidays! ⏱️💸
Yellow Card plans to launch its first Visa-powered stablecoin payment service in one African country this year, with more countries to follow in 2026. The initiative targets regions struggling with access to U.S. dollars and foreign exchange issues, making digital dollars a powerful alternative. As stablecoin adoption surges, especially in nations like Nigeria and Ethiopia, Visa and Yellow Card are working together to support better liquidity management and cost-effective treasury operations for businesses — a win-win for financial access in emerging markets 🔄🌐.
Visa has already processed over $225 million in stablecoin transactions and is deepening its commitment to digital currency. Through this partnership, the company is building a bridge between traditional banking and crypto innovation. With more than 43% of African crypto transactions now in stablecoins, and Yellow Card already operating in 20 countries, this bold step could redefine how money moves across borders 🌍💳🔗.

The United States Senate has passed the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act with bipartisan support on Tuesday, June 17, 2025. The bill, approved by a 68-30 vote, now advances to the House of Representatives, where it is expected to receive similar support.This legislation represents the first major federal effort to regulate stablecoins in the United States, laying the groundwork for the mainstream adoption of a digital dollar.
Bipartisan Momentum Behind Crypto Regulation
Senator Tim Scott, one of the key backers of the bill, remarked,
“With the GENIUS Act, we’re bringing clarity to a sector that’s been clouded by uncertainty and proving that bipartisan, principled leadership can still deliver real results for the American people.”
The Donald Trump administration has made digital assets a cornerstone of its economic innovation strategy. The White House has emphasized that clear regulations for stablecoins are critical to long-term financial security and technological leadership in the global economy.
GENIUS Act: A Win for Treasury, Fintech, and Consumers
U.S. Treasury Secretary Scott Bessent hailed the GENIUS Act as a “win-win” for all parties involved—from private fintech firms to government finance leaders and consumers. He predicted the stablecoin sector could reach $3.7 trillion by 2030.
“A thriving stablecoin ecosystem will drive demand from the private sector for U.S. Treasuries, which back stablecoins. This newfound demand could lower government borrowing costs and help rein in the national debt,” Bessent stated.
JPMorgan Joins the Stablecoin Race
In a bold move signaling growing institutional confidence in stablecoins, JPMorgan launched its stablecoin, JPMD, on Ethereum’s Layer 2 Base chain, which Coinbase Global backs. This deployment marks one of the first major stablecoin initiatives by a traditional financial institution in compliance with emerging U.S. regulations.
What’s Next for the GENIUS Act?
The bill will now move to the U.S. House of Representatives, where expectations are high for a swift passage, given the strong bipartisan support. If approved, it will be signed into law by President Donald Trump, bringing federal oversight to a sector that has operated in legal ambiguity for years.
The GENIUS Act aims to boost investor confidence, accelerate innovation, and solidify the U.S.’s role as a global leader in financial technology.
The post appeared first on CryptosNewss.com
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