The recent "GENIUS Stablecoin Act" (Giving Every Nation a Unified & Independent Standard Act) introduced by the U.S. Congress aims to provide a clearer regulatory framework for the stablecoin market. This bill advocates for the establishment of a federal-level stablecoin issuance licensing system and requires stablecoin issuers to hold a 1:1 reserve, enhancing market trust and transparency. The bill also emphasizes oversight by banking regulatory agencies, which may directly impact mainstream stablecoins like Tether and USDC. If the bill passes smoothly, it could set a new benchmark for the global stablecoin market and may accelerate institutional participation and sovereign nations' stablecoin initiatives.