Today the U.S. just took its biggest step yet toward regulating crypto

The GENIUS Act is now law and it is focused on stablecoins

This will completely reshape how $USDC, $USDT, and every other dollar-backed token operates in the U.S.

Here is what’s changing:

Only licensed banks, credit unions, or government-approved fintechs can issue payment stablecoins

That means no more “launch a stablecoin from your basement” era

Stablecoins must be fully backed 1:1 with cash, Fed balances, or short-term treasuries

Plus:

- Monthly audits

- Strict KYC/AML

- Freeze capability

- No FDIC mislabeling

- Priority payouts to users in bankruptcy

This gives U.S. based players like Circle a huge compliance advantage

Meanwhile, offshore giants like $USDT may face more pressure or even blocks if they don’t play by the rule

It also paves the way for JPMorgan, PayPal, and even Apple or Google to launch regulated digital dollars

Stablecoins are no longer just crypto, they are infrastructure

$150b+ is circulating. $USDT does more volume than Visa some days

The U.S. wants control

This is good for trust and adoption but bad for startups, DeFi, and decentralisation

Welcome to new era of crypto