#StablecoinLaw
While stablecoins were sailing in a murky legal void, America introduced the "GENIUS Act" not as a new constraint but as a compass delineating the boundaries of fair financial play. This law not only regulates the market but also imposes a clear identity: no stablecoin unless it is fully backed, licensed, and transparent. There is no longer room for anyone to issue a digital dollar without evidence or solid reserves. Moreover, paying any interest on these currencies has been completely prohibited, in a double blow that eliminates the suspicion of usury and prevents new banking encroachment.
What distinguishes this step is not just what has been stipulated, but what results from it: the entry of massive institutions like Mastercard and Google into the race, and the transformation of stablecoins from trading tools to means of daily payment. The law does not only serve America but sends a message to global markets: anyone wishing to deal with the digital dollar must adhere to American game rules. Even foreign platforms will not escape the grip of the law unless they comply with its standards.
This is not just regulation, but an announcement of the birth of a new digital financial system… less chaotic, more secure, and perhaps… more subservient to central authority. But it is certainly a step that will not be erased from the trajectory of digital currencies.
