The GENIUS Act tightly regulates payment stablecoins, requiring 1:1 dollar-backed reserves, monthly disclosures, audits, and clear federal or state licensing.
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U.S. Senate Passes Stablecoin Bill The GENIUS Act
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GENIUS Act establishes a federal framework requiring stablecoins to be fully backed by U.S. dollar reserves in a 1:1 ratio, mandates audits, and licensing for payment stablecoins
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GENIUS Act mandates one-to-one backing of payment stablecoins with cash or short-term U.S. Treasuries
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