The #StablecoinLaw (GENIUS Act), enacted on July 18, 2025, is significantly shaping the stablecoin market. The cryptocurrency industry largely welcomes the new law, anticipating increased trust and broader adoption due to regulatory clarity. Initial market shifts favor compliant stablecoins like USDC over USDT, suggested by changes in trading volume and market capitalization.
The Act mandates full reserve backing, regular audits, and AML compliance for U.S.-pegged stablecoins. While aiming for stability and dollar dominance, some critics voice concerns about potential consumer protection gaps and the proliferation of private stablecoins under the new framework. The long-term impact on the traditional financial system remains a key area of observation.
