#StablecoinLaw

The #StablecoinLaw, recently signed by US President Trump as the GENIUS Act, marks a pivotal moment for the crypto industry. This legislation establishes a federal regulatory framework for US-dollar-pegged stablecoins, aiming to bring clarity and consumer protection to a rapidly growing market. Key provisions mandate that stablecoins must be fully backed by liquid assets like US dollars and short-term Treasury bills. Issuers will also be required to provide monthly disclosures of their reserves, enhancing transparency and trust.