ALT5 Sigma Corporation (ALTS) has announced its support for the GENIUS Act, a new U.S. legislation that establishes a regulatory framework for the issuance and oversight of stablecoins. The Las Vegas-based company provides a payment and trading infrastructure based on blockchain technology for merchants and financial institutions.

"We believe this legislation represents a turning point," said Peter Tasiopoulos, CEO of ALT5 Sigma. "With a clear legal foundation now in place, American companies can finally build with confidence and leverage the transformative capabilities of blockchain technology."

The company stated that its infrastructure is designed to support the adoption of regulatory-compliant digital assets, and it sees the legislation aligning with the principles that are now being codified into law. According to the company, stablecoins processed $27.6 trillion in transactions on blockchain in 2024, surpassing the annual combined volumes of Visa and Mastercard.

ALT5 Sigma has processed over $5 billion in cryptocurrency transactions to date, supporting more than 1,000 companies worldwide. The company reported a surge in demand for stablecoin-related infrastructure as companies seek to integrate blockchain-based payments into their existing operations.#BinanceHODLerC