#StablecoinLaw The first federal law on stablecoins has been enacted in the United States, known as the GENIUS Act, which aims to regulate stablecoins and ensure their stability. The law requires stablecoin issuers to maintain cash reserves or short-term treasury bonds at a 1:1 ratio, in addition to monthly disclosure of their reserves.

*Features of the law* ¹:

- *Reserve maintenance*: Stablecoin issuers must maintain cash reserves or short-term treasury bonds at a 1:1 ratio.

- *Monthly disclosure*: Stablecoin issuers must disclose their reserves monthly.

- *Anti-money laundering*: The law includes strict rules for combating money laundering.

- *Interest payment prohibition*: The law prohibits the payment of interest to stablecoin holders.

*Impact of the law*:

- *Enhancing stability*: The law aims to enhance the stability of stablecoins and ensure investor protection.

- *Market regulation*: The law will contribute to regulating the stablecoin market and reducing associated risks.

- *Market expansion*: The law is expected to lead to the expansion of the stablecoin market, as companies will be allowed to enter this market ².