#StablecoinLaw #StablecoinLaw

U.S. Stablecoin Law (2025): Key Details

Overview

In July 2025, President Donald Trump signed the GENIUS Act into law, marking the first comprehensive federal framework for regulating stablecoins—digital assets pegged (usually 1:1) to the U.S. dollar. This legislation represents a watershed moment for the cryptocurrency industry, which has long advocated for clear and practical regulatory standards.

Core Provisions

What Are Stablecoins?

Stablecoins are digital tokens designed to maintain a stable value, typically by being backed by U.S. dollars or short-term Treasury bills held in reserve.

Unlike volatile cryptocurrencies such as Bitcoin, stablecoins serve as a steady means for digital payments and asset transfers.

Who Can Issue Stablecoins?

Only “Permitted Stablecoin Issuers” are allowed to issue payment stablecoins in the U.S., effective three years after enactment (i.e., July 2028):

Federal qualified issuers: Entities regulated at the federal level.

State qualified issuers: Firms regulated by a state regime that is certified as “substantially similar” to the federal framework.

Foreign issuers may participate if they meet stringent standards