Redefining banking boundaries
In July 2025, US lawmakers broke new ground by passing the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act—a first-of-its-kind federal legislation that brings rigorous oversight to stablecoins, or digital tokens engineered to maintain a one-to-one peg with the dollar. The legislation requires stablecoin issuers to back every issued token with safe, real-asset collateral—cash, short-term US treasuries, or equivalents—and submit to audits, anti-money laundering rules, and transparency.
