#StablecoinLaw
While stablecoins were sailing in a foggy legal void, America introduced the "GENIUS Act" not as a new restriction but as a compass defining the boundaries of fair financial play. This law does not merely regulate the market but imposes a clear identity: no stablecoin unless it is fully backed, licensed, and transparent. There is no longer any room for those issuing a digital dollar without proof or hard reserves. Moreover, the payment of any interest on these currencies is completely prohibited, in a double blow that eliminates concerns of usury and prevents new banking overreach.
What distinguishes this step is not just what is stipulated, but what follows: the entry of massive institutions like Mastercard and Google into the race, and the transformation of stablecoins from trading tools into daily payment means. The law serves not only America but sends a message to global markets: those who wish to deal with the digital dollar must adhere to American rules of the game. Even foreign platforms will not escape the grip of the law unless they comply with its standards.
This is not just regulation; it is an announcement of the birth of a new digital financial system… less chaotic, more secure, and perhaps… more subservient to central authority. But it is undoubtedly a step that will not be erased from the trajectory of digital currencies.
