#StablecoinLaw While stablecoins were navigating a murky legal vacuum, the United States introduced the "GENIUS Act," not as a new restriction but as a compass that defined the boundaries of financial fair play. This law not only regulates the market but also imposes a clear identity: no stablecoin can exist unless it is fully backed, licensed, and transparent. There is no room for anyone to issue a digital dollar without proof or solid reserves. Furthermore, it completely prohibits paying any interest on these currencies, in a double blow that eliminates the suspicion of usury and prevents the emergence of new banking monopolies.

What distinguishes this step is not merely what it stipulates, but what it entails: the entry of large institutions like Mastercard and Google into the race, transforming stablecoins from trading tools to everyday means of payment. The law does not only serve America; it sends a message to global markets: anyone who wants to deal with the digital dollar must submit to the American rules of the game. Even foreign platforms will not escape the grip of the law unless they adhere to its standards. This is not just legalization, but rather the announcement of the birth of a new digital financial system... less chaotic, more secure, and perhaps... more subject to central authority. But it is certainly a step that will not be erased from the path of digital currencies.