#StablecoinLaw

Stablecoin law is rapidly evolving, with the U.S. passing the GENIUS Act on July 17, 2025. This landmark legislation establishes a federal regulatory framework for "payment stablecoins," defining who can issue them, how they must be backed (e.g., 1:1 with U.S. dollars or short-term Treasuries), and mandating transparent reserve disclosures.

The GENIUS Act aims to bolster consumer confidence and financial stability in the burgeoning stablecoin market. Globally, other regions like the EU (MiCA framework) and various Asian jurisdictions are also implementing their own comprehensive regulations. This push for clarity reflects stablecoins' increasing role in payments and financial innovation, though concerns remain regarding monetary control and potential impacts on traditional banking.