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U.S. Stablecoins (GENIUS) Act, has several key features:

- *Definition of Payment Stablecoins*: Digital assets pegged to a fixed monetary value, used for payment or settlement, and fully backed by high-quality, liquid assets.

- *Reserve Requirements*: Stablecoin issuers must maintain 100% reserve backing with US dollars, short-term Treasuries, or similarly liquid assets.

- *Licensing Procedures*: Issuers must follow formal steps to obtain a license before operating, ensuring compliance with reserve backing and consumer protection standards.

- *Dual Regulatory Framework*: Both federal and state regulators oversee stablecoin activities, with larger issuers (over $10 billion market cap) under federal supervision and smaller ones under state oversight.

- *Consumer Protections*: Strict rules on transparency, mandatory disclosures, redemption rights, and fraud prevention