EXPLAINER | How Genius Act makes stablecoins legitimate
US President Donald Trump has signed the much-contested Genius Act into law, making it a landmark piece of legislation for the stablecoin industry. From being a favourite of only niche marketplaces, dollar-pegged stablecoins can now get into mainstream financial transactions, explains Anvitii Rai
What is the Genius Act?
The Guiding and Establishing National Innovation for U.S. Stablecoins Act (Genius Act) primarily aims to create a comprehensive regulatory framework for “payment stablecoins” in the US.
