#StablecoinLaw The crypto market has just entered another phase of heavy regulation. In the United States, the newly approved GENIUS Act requires each dollar-backed stablecoin to maintain 1-to-1 reserves, publish regular audits, and accept federal and state oversight. The proposal – which has already passed both Houses of Congress – is heading for presidential sanction and establishes the first national legal framework for both banking and non-banking issuers.

In the European Union, the MiCAR has been in effect for stablecoins since June 30, 2024: only banks and electronic money institutions can issue tokens pegged to fiat currencies; those who do not comply may be required to remove the token from the European market. The rules demand monthly disclosure of reserves, independent audits, and volume limits for “significant” stablecoins.

In Brazil, where about 90% of crypto flow is already done in stablecoins, the Central Bank is preparing a package for 2025 that is expected to require strict KYC/AML, tax reporting, and extra consumer protection – a step seen as essential to legitimize international payments and local trade.

The message is clear: those who issue or use stablecoins need to understand that compliance has become a survival factor. For us, the users, this regulation brings more transparency, a lower risk of collapse like TerraUSD, and opens doors for serious institutional adoption. But it also means that “stable” is no longer synonymous with informality: fees may rise and offshore emissions face the risk of restriction.

Have you reviewed where you keep your stablecoins? It’s time to check if the issuer follows the new rules – before the door closes for good.