#USStablecoinBill
On March 13, 2025, the US Senate Banking Committee passed the Guiding and Establishing National Innovation for US Stablecoins Act of 2025 or “GENIUS Act,” out of committee by a vote of 18-6.#
Stablecoin : A type of cryptocurrency designed to maintain a stable value, usually pegged to a specific asset.
Cryptocurrency :
Digital or virtual currency that uses cryptography for security.
Refers to : A specific asset the stablecoin's value is linked to.
Like USD or other fiat currency :
A common reference point is the US dollar or other government-backed currencies.
Like gold :
Another reference point could be a commodity like gold.
Or a basket of assets :
The stablecoin's value might be pegged to a combination of assets.
Designed to maintain$ a stable value :
The primary purpose of a stablecoin is to minimize price fluctuations.
