#StablecoinLaw On Friday, July 18, 2025, President Donald Trump signed the Genius Act, a groundbreaking law regulating the $250 billion stablecoin market, following its passage in the House. The first major legislation for digital currencies, it establishes a regulatory framework prioritizing consumer protection, reinforcing the U.S. dollar’s global reserve status, and enhancing national security. Unlike volatile cryptocurrencies like Bitcoin, stablecoins maintain stable value, typically pegged to the dollar, with issuers holding equivalent reserves like cash or Treasury bonds. Major players include Tether (USDT), with a $161 billion market cap, and Circle (USDC), at $65 billion. The act enables banks, nonbanks, and credit unions to issue stablecoins, potentially transforming digital transactions. Circle’s Dante Disparte likened stablecoin transfers to messaging apps, enabling seamless dollar transactions beyond banking hours. The White House hailed the law as a step into an “exciting new frontier” for digital finance.