#StablecoinLaw Here is a summary regarding Binance's views and positions on the law & regulation of stablecoins, both from a US perspective and its implications for the global/Indonesian market:

๐Ÿ‡บ๐Ÿ‡ธ Binance's View on US Regulation (GENIUS Act)

Recently, US President Trump signed the GENIUS Act on July 18, 2025, making it the first law to comprehensively regulate stablecoins. Financial Blockchain Media Indonesia The core of this regulation includes:

Only licensed entities (banks, regulated fintech) are allowed to issue โ€œpayment stablecoinsโ€

Coins must be fully backed by reserves in USD or government securities

Self-audits periodically and reserve publications must be conducted monthly Pluang

Binance highlights that this legal stabilization provides a foundation for the integration of stablecoins into the traditional financial system while providing clarity for users and institutions Binance.

Additionally, US courts have ruled that fully backed 1:1 stablecoins like BUSD are not considered securities Morningstar Blockchain Media Indonesia+12, reinforcing Binance's position that BUSD is not a security and is not fully subject to SEC regulations.

๐ŸŒ Implications for Binance & the Global Stablecoin Ecosystem

BUSD: Issuer Paxos has been halted by NYDFS from minting new BUSD since Feb 2023 BeInCrypto Indonesia+2Blockchain Media Indonesia. Binance then switched to support TrueUSD (TUSD) after legal pressures Blockchain Media Indonesia.

Global stance: Regulations in the US, such as the GENIUS Act, set an international precedent; in line with MiCA in the EU which also demands high reserve standards & transparency for stablecoins researchgate.

๐Ÿ‡ฎ๐Ÿ‡ฉ Implications for Indonesia

In Indonesia, authorities like Bappebti classify stablecoins as commodities, not legal tender, thus regulated under the framework of trade & commodities kompas.