Alexander
@walletuz
The GENIUS Act establishes the first U.S. federal framework for regulating stablecoins, requiring full 1:1 backing with U.S. dollars or Treasuries to ensure safety and transparency. It empowers banks, fintechs, and retailers to issue stablecoins, potentially lowering transaction costs and boosting innovation. By reinforcing dollar-backed digital assets, it strengthens the global role of the U.S. dollar and legitimizes the crypto industry.
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