#BTCvsETH First Federal Bill to Regulate Stablecoins in the United States
#BTCvsETH The United States recently approved and signed the first federal bill to regulate stablecoins, titled "Guidelines and Establishment of a National Law for Innovation in Stablecoins in the United States" (GENIUS Act), marking the entry of the stablecoin market into a phase of regulatory implementation. The law stipulates that stablecoins must be fully backed 1:1 by the US dollar or similar low-risk assets, and they must be audited and disclosed publicly on a regular basis. This series of compliance requirements has significantly strengthened the foundation of trust in stablecoins. At the same time, the total market capitalization of circulating stablecoins surpassed $260 billion, with USDT ranking first, followed closely by USDC.
This regulatory development has given new momentum to market confidence. With the promotion of the bill and the growing demand for cross-border payments, stablecoins are seen as an important bridge linking cryptocurrency and the traditional system. Data shows that stable payment coins, such as Visa USDC and JPMD, are experiencing continuous innovations, with even giant retailers like Amazon and Walmart considering issuing their own stablecoins or accepting payments in prevailing stablecoins.
