#StablecoinLaw

President 🇺🇲Donald Trump has signed the stablecoin law, known as the GENIUS Act (Guiding and Establishing National Innovation for U.S. Stablecoins), which creates the first federal framework for regulating stablecoins in the United States.

🪙 What the law introduces:

- Stablecoins must be backed by liquid assets, such as U.S. dollars or short-term government bonds.

- Issuers must publish the composition of reserves monthly to increase trust and transparency.

- The law allows banks, fintech companies, and retailers to issue stablecoins if they meet regulatory requirements.

- Ban on yield-bearing stablecoins for consumers to prevent risky investment practices.

📈 Impact:

- The stablecoin market is expected to grow to $2 trillion by 2028.

- The law is seen as a big win for the cryptocurrency industry, which has long sought clear regulations.

- Trump even launched his own stablecoin and other crypto projects, sparking criticism over potential conflicts of interest.