Stablecoin shake‑up: GENIUS Act redraws the playing field! The new GENIUS Act, signed July 18, mandates that U.S. dollar-backed stablecoins must hold high‑quality liquid assets (like T‑bills) and publish monthly reserves—giving issuers like Circle & Ripple the legal green light . By enabling them to seek Fed-chartered status and master accounts with the Fed, the bill could transform retail payments & remittances, slash fees, and challenge credit‑card giants . Watch for big retailers eyeing their own stablecoins, reshaping how we shop & spend. While innovation runs wild, some warn consumer safeguards need beefing up.
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