#StablecoinLaw The US government has recently passed the GENIUS Act, a law governing dollar-linked stablecoins. This legislation aims to provide regulatory clarity and oversight to the stablecoin industry, currently valued at $265 billion.

*Key Provisions of the GENIUS Act:*

- *Mandatory Reserve Requirements*: Stablecoin issuers must maintain sufficient reserves to back their tokens.

- *Audits and Compliance*: Regular audits will be conducted to ensure compliance with the new regulations.

- *Ban on Algorithmic Stablecoins*: Algorithmic stablecoins are prohibited due to their potential risks.