#StablecoinLaw landmark #StablecoinLaw (GENIUS Act) signed last week establishes the first comprehensive U.S. regulatory framework for dollar-pegged cryptocurrencies, mandating 1:1 liquid asset backing and monthly reserve disclosures. This long-sought validation by the crypto industry aims to propel stablecoins into mainstream payments, with projections suggesting market growth from $260B to $2T by 2028. Major players like PayPal, Citi, and Stripe are accelerating adoption, leveraging stablecoins’ $33T transaction volume in 2024 for instant settlements. Unlike the EU’s MiCA framework—which bans algorithmic stablecoins—the U.S. approach prioritizes dollar hegemony and Treasury demand, though critics warn loopholes risk illicit exploitation. As global standards diverge, this law cements America’s crypto capital ambitions.