#StablecoinLaw Stablecoins are cryptocurrencies designed to have a stable value, often pegged to the US dollar. New laws, such as the "GENIUS Act" in the USA, are being introduced to make them safer.
These laws typically require stablecoin issuers to have enough real cash or safe assets (such as US dollars) to back each stablecoin they create. This is known as "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 world of cryptocurrencies.