#StablecoinLaw 📜

The U.S. has just passed a new law called the GENIUS Act, which brings real rules for stablecoins. Now, any company that wants to issue stablecoins must keep full reserves in cash or U.S. government bonds. They also have to report their holdings every month and be fully licensed.

This is a big step forward. It means stablecoins like USDC could become even more trusted and used in both crypto and traditional finance. At the same time, coins that don’t follow these rules might start to lose value or trust.

Only banks, fintechs, and credit unions will be allowed to issue these coins. Also, some coins that offer yield may face more strict rules.

Overall, this law helps bring safety and transparency to the stablecoin world. It could be the beginning of a more secure and stronger crypto space for everyone.