#write2earn🌐💹 What is the GENIUS Act?

For those who missed the news, the “GENIUS” Act stands for “Guidance and Establishment of the National Innovation for U.S. Stablecoins Act of 2025.” It is the first comprehensive federal law regulating “payment stablecoins” (digital tokens backed by fiat currencies).

The law establishes a long-awaited licensing and oversight system for stablecoin issuers, requires them to be backed by full 1:1 reserves, imposes strict consumer protection measures, and provides a clear legal framework for their integration into traditional finance.$XLM