#StablecoinLaw United States: The U.S. House of Representatives recently passed the GENIUS Act, a landmark bill establishing a federal framework for stablecoin issuers. It sets clear rules for dollar-pegged stablecoins like USDT and USDC, requiring:

• 1:1 reserve backing

• Monthly audits by independent firms

• Redemption rights for holders

• Oversight by federal banking agencies

The bill is expected to be signed into law soon, marking a major shift toward regulatory clarity and innovation in the crypto space