New law in the U.S. provides a framework for stablecoins, but risks persist
On July 18, the GENIUS Act was passed in the United States, the first federal law focused on stablecoins. The regulation requires these coins to be backed 1 to 1 with liquid assets such as dollars or Treasury bonds, and establishes both federal and state regulatory frameworks.
Banks like Bank of America and Citi are already considering joining, and retail giants like Amazon and Walmart are also exploring the landscape.
Still, not everything is positive: a clause grants 'superpriority' to stablecoin holders if the issuer goes bankrupt. This protects users, but can complicate the reorganization of issuing companies. Additionally, doubts remain: there is no direct central bank backing and operational risks do not disappear in times of financial stress.
👉 Regulation is an important step, but the real test will be whether stablecoins can maintain trust in critical scenarios. Do you think this framework will be enough to consolidate them as global digital money?
