#StablecoinLaw
While stable cryptocurrencies were navigating through a foggy legal void, America introduced the "GENIUS Act" not as a new constraint but as a compass that outlines the boundaries of fair financial play. This law does not only regulate the market but imposes a clear identity: no stable currency unless it is fully backed, licensed, and transparent. There is no longer room for anyone issuing a digital dollar without proof or solid reserves. Moreover, the payment of any interest on these currencies is completely prohibited, in a double blow that eliminates the suspicion of usury and prevents new bank overreach.
What distinguishes this step is not just what is stipulated, but what follows: the entry of massive institutions like Mastercard and Google into the race, and the transformation of stable currencies from trading tools to daily payment means. 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 rules of the game. Even foreign platforms will not escape the grip of the law unless they adhere to 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 submissive to central authority. But it is certainly a step that will not be erased from the path of cryptocurrencies.