#noticiascripto 🚨 $USDC $USDT 🚨🔥🔥🔥 From now on, all stable cryptocurrencies, commonly known as 'stablecoins', legally issued as payment instruments in the United States, must be dollar-for-dollar backed in reserves, as established by the newly approved GENIUS Act. This new requirement aims to strengthen confidence in these digital assets and reduce instances of fraud, including in Puerto Rico.
The new law signed by the President of the United States, Donald Trump, last Friday, mandates that the reserves of these coins be 100% backed by liquid assets, such as U.S. dollars or short-term Treasury bonds, and requires issuers to publicly disclose the composition of the reserves every month.
It is worth noting that this legislation does not include volatile coins like Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and others, but regulates coins such as Tether (USDT), USDC (USDC), and Ethena USDe (USDE).