Under the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act, payments made to customers solely in connection with holding, using, or retaining a payment stablecoin are prohibited

Tokens pegged to stable value, usually the US dollar, spanning issuers and reserves, depegs, and adoption by banks and payment networks.

Laws and rules for fiat-pegged tokens, from the US GENIUS Act to Europe's MiCA, covering reserves, licensing and yield restrictions.