U.S. Senate’s GENIUS Act Sparks Stablecoin & Treasury Surge
On June 18, 2025, the U.S. Senate passed the bipartisan GENIUS Act with a commanding 68–30 vote. The bill mandates that stablecoin issuers maintain at least $1 in reserves—including short-term U.S. Treasurys—for every $1 in stablecoins they issue, aiming to protect consumers and prevent collapses like Terra‑Luna . As a result, stablecoin issuers such as Tether and Circle currently hold nearly $200 billion in U.S. Treasurys, which could climb to $400 billion or more, further lowering borrowing costs . The GENIUS Act could potentially expand the stablecoin market to $2 trillion in a decade, catalyzing broader adoption across finance, retail, and payments—especially with involvement from giants like Mastercard, Visa, Amazon, and Walmart . Coinbase and Circle stocks soared (up to 17% and 34%, respectively) on the news, reinforcing investor enthusiasm . As it now heads to the House and White House, this move marks a milestone in bridging traditional finance and crypto—making headlines and fueling new momentum in the market.
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