#StablecoinLaw A Stablecoin Law refers to laws and regulations created to control the use and issuance of stablecoins — cryptocurrencies with values pegged to fiat currencies like the dollar.

📜 Main Points of the Stablecoin Law (such as the

-GENIUS Act in the US):

1•Mandatory Registration and Licensing:

•Issuers of stablecoins must be registered and authorized by regulatory bodies (e.g., Federal Reserve in the US).

2•100% Backed Guarantee:

•Every stablecoin needs to have real reserves (e.g., dollar, government bonds) that prove the equivalent value.

3•Regular Audits:

•Issuing companies must be audited regularly to ensure transparency and security.

4•Prohibition of Risky Assets:

•Stablecoins cannot be backed by unstable assets like stocks or other cryptos.

5•Legal Responsibility:

•In case of fraud or bankruptcy, issuers can be sued civilly and criminally.

6•Role of the Central Bank:

•Central banks have the authority to oversee, authorize, or ban issuers.

7•Focus on Financial Stability:

•The law aims to avoid systemic risks and protect consumers and markets.

🔒 Overall Objective:

To bring security, trust, and clear regulation to the use of stablecoins in the financial system, facilitating innovation without compromising economic protection.