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GENIUS Act Ushers in Stablecoin Era for Big Corporates
đ Law: GENIUS Act (Guaranteed Electronic Nationally Issued USD Act)
The U.S. just passed the GENIUS Act, creating a formal legal foundation for stablecoins. The act requires that all issued stablecoins be:
âą 100% backed by U.S. dollars or low-risk, highly liquid assets.
âą Subject to regular audits.
âą Operated by entities holding federal licenses.
Corporate Interest:
âą Amazon, Walmart, Bank of America, and Citigroup are reportedly exploring their own stablecoins.
âą The law could enable fast payments, reduced fees, and integration into e-commerce & banking ecosystems.
đ Impact: Could trigger a new wave of adoption, but experts warn compliance costs and tech readiness might slow actual launches until 2026â2027.