🇺🇸 The U.S. has passed its first federal stablecoin law — the GENIUS Act, signed by President Trump on July 18.
🔒 Key Provisions:
Stablecoins must be 100% backed by USD or short-term Treasuries.
Monthly disclosures and independent audits are required.
Only approved issuers (regulated banks or compliant non-banks) can issue.
Foreign issuers must follow U.S. rules to operate.
📅 Takes effect in 18 months or 120 days after final rules, with a 3-year phase-in for full compliance.
📈 Impact:
The crypto market surged past $4T, signaling strong institutional and public confidence.
💡 What It Means:
Stablecoins are going mainstream — expect major banks, fintechs, and retailers to roll out regulated digital dollars. Algorithmic stablecoins are banned, tightening the field for trusted players only.
