#StablecoinLaw most recent, known as the GENIUS Act, establishes a federal regulatory framework for stablecoins in the U.S. It requires that they be backed by liquid assets, such as dollars and short-term Treasury bonds. Furthermore, it limits the issuance of payment stablecoins to approved issuers, which aims to ensure trust and stability in the financial system.

This regulation is a crucial advancement for transparency and security in the use of stablecoins, but it also poses challenges for innovation and access in the crypto sector.