Under the finalized Genius Act regulatory framework, stablecoin issuers are prohibited from paying direct interest on yield generated from Treasury bills

How governments worldwide set rules for digital assets through legislation, agency rulemaking, licensing regimes and court fights.

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.