#GENIUS稳定币法案

The GENIUS Act (Guiding and Establishing National Innovation for U.S. Stablecoins Act) is the first federal-level regulatory framework for stablecoins. This act requires that the issued USD-pegged stablecoins must be fully backed by highly liquid assets (such as cash and U.S. Treasury securities), with monthly public reserve disclosures. It also mandates annual audits and federal oversight for issuers with a market capitalization exceeding $50 billion, and prohibits unlicensed tech giants (such as Amazon and Meta) from issuing stablecoins.

While enhancing consumer protection and anti-money laundering mechanisms, this act also provides a clear compliance pathway for domestic stablecoins (such as USDC and PYUSD) and restricts the entry of unregulated stablecoins from abroad into the market. It will soon be submitted for review by the House of Representatives. If it can be quickly passed and signed by the President, the GENIUS Act will open a mainstream institutional pathway for the stablecoin industry and encourage traditional payment giants to explore new financial infrastructure.