#StablecoinLaw Here is a summary regarding Binance's opinions and positions on the law & regulation of stablecoins, both from a perspective in the US and its implications for the global/Indonesian market:

🇺🇸 Binance's View on US Regulations (GENIUS Act)

Recently, US President Trump signed the GENIUS Act on July 18, 2025, making this the first law to comprehensively regulate stablecoins. Financial Blockchain Media Indonesia. The core of this regulation includes:

Only licensed entities (banks, regulated fintechs) may issue "payment stablecoins"

Coins must be fully backed by reserves in USD or government securities

Self-audits periodically and reserve publication must be conducted monthly Pluang.

Binance highlights that this legal stabilization provides a foundation for the integration of stablecoins into the traditional financial system while providing clarity for users and institutions Binance.

Additionally, US courts have ruled that fully backed 1:1 stablecoins like BUSD are not considered securities Morningstar Blockchain Media Indonesia+12, reinforcing Binance's position that BUSD is not a security and is not fully subject to SEC regulations.

🌍 Implications for Binance & the Global Stablecoin Ecosystem

BUSD: Issuer Paxos was halted by NYDFS from minting new BUSD since February 2023 BeInCrypto Indonesia+2Blockchain Media Indonesia. Binance then shifted to support TrueUSD (TUSD) after legal pressure Blockchain Media Indonesia.

Global stance: Regulations in the US, such as the GENIUS Act, set an international precedent; aligned with MiCA in the EU which also demands high reserve standards & transparency for stablecoins researchgate.

🇮🇩 Implications for Indonesia

In Indonesia, authorities such as Bappebti classify stablecoins as commodities, not legal tender, thereby regulating them within the framework of trade & commodities kompas.