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On June 17, the U.S. Senate passed the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS Act). This law establishes the first federal regulatory framework for payment stablecoins. It defines who can issue them, how they must be backed, and how they should be supervised.

GENIUS Act: How Stable Digital Dollars Are Changing the Rules

On June 17, the U.S. Senate passed the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS Act). This law establishes the first federal regulatory framework for payment stablecoins. It defines who can issue them, how they must be backed, and how they should be supervised.

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The financial industry is undergoing a significant transformation. Traditional banks like Bank of America, Standard Chartered, and Deutsche Bank, along with fintech companies such as PayPal, Revolut, and Stripe, are entering the stablecoin market by launching their own stablecoins.

Banks and Fintechs Entering The Stablecoin Market: A New Chapter In Digital Payments

The financial industry is undergoing a significant transformation. Traditional banks like Bank of America, Standard Chartered, and Deutsche Bank, along with fintech companies such as PayPal, Revolut, and Stripe, are entering the stablecoin market by launching their own stablecoins.

Continue reading

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