#StablecoinLaw

Stablecoin law, notably the recently signed U.S. "GENIUS Act," is ushering in a new era for digital assets. This landmark legislation establishes a federal regulatory framework for payment stablecoins, requiring them to be fully backed by liquid assets like U.S. dollars or short-term Treasury bills, and mandating public disclosure of reserves. The aim is to enhance consumer protection, foster innovation, and solidify the U.S. dollar's global reserve currency status, paving the way for wider stablecoin adoption in payments and finance.