The United States, known as the "GENIUS Act", aims to establish a comprehensive regulatory framework for these digital currencies linked to the US dollar. This project was introduced in early 2025 by a group of senators, including Senator Bill Hagerty and Senator Kirsten Gillibrand, with bipartisan support from both the Republican and Democratic parties.

Key Features of the Bill:

1:1 Reserves: It requires stablecoin issuers to maintain cash reserves equivalent to 100% of the value of the issued coins, ensuring their financial stability.

Ban on Algorithmic Stablecoins: It prohibits the issuance of stablecoins not backed by real assets, such as those relying on algorithms for stability.