#StablecoinLaw Stablecoins are cryptocurrencies designed to maintain a stable value, often pegged to the US dollar. New laws, such as the "GENIUS Act" in the US, are being implemented to make them safer.
These laws typically require stablecoin issuers to hold enough real money or safe assets (such as US dollars) to back every stablecoin they create. This is called "1:1 backing." They also require regular reports and audits to ensure transparency. The goal is to protect users, prevent fraud, and bring more trust to the crypto world.