Curious Fact🧐🧐🧐🧐🧐🧐🔎
The "Stablecoin Act" refers to the specific regulation that seeks to establish a legal framework for stablecoins, a type of cryptocurrency whose value is pegged to a stable asset, such as fiat currency like the US dollar or commodities. Its context arises from the growing capitalization and use of these assets, which, despite their apparent stability, pose risks to financial stability if not adequately regulated.
Globally, the need for this regulation has become urgent, with jurisdictions like the European Union (EU) leading with its Markets in Crypto-Assets Regulation (MiCA), which came into effect for stablecoins in June 2024.
MiCA classifies stablecoins into electronic money tokens (EMT) and asset-referenced tokens (ART), imposing requirements for backing, transparency, and oversight.
In the United States, several initiatives have been proposed, notably the GENIUS Act (Guiding and Establishing National Innovation for US Stablecoins), which was recently approved by Congress (July 2025). This act seeks to create a comprehensive federal framework for the issuance, supervision, and compliance of stablecoins, requiring issuers to maintain 1:1 reserves with high-quality liquid assets and establishing clarity regarding their redemption rights.
Stablecoin laws aim to protect consumers, prevent money laundering and terrorist financing, and mitigate risks to financial stability arising from potential illiquidity of reserves or lack of transparency. At the same time, they strive to promote innovation in the fintech sector, legitimizing these assets and facilitating their integration into global payment systems, especially those linked to the US dollar. The goal is to balance security with the development of the crypto ecosystem.
