19.07.2025 02:18
President Trump's signing of the GENIUS Act marks a pivotal moment in the regulation of stablecoins within the United States. This landmark legislation mandates that stablecoin issuers maintain a 100% reserve backing, ensuring a one-to-one peg with the underlying asset, primarily the US dollar. The act's passage has been met with widespread optimism from industry leaders and financial executives alike, anticipating significant growth and increased stability in the market.
A key provision of the GENIUS Act requires monthly public disclosures of liquid assets held by stablecoin issuers. This unprecedented transparency aims to enhance investor confidence and promote accountability within the industry. Furthermore, the legislation empowers banks and credit unions to issue dollar-backed stablecoins, a move predicted to propel the US stablecoin market's valuation beyond $250 billion. This development opens up new avenues for financial institutions to participate in the rapidly evolving digital asset landscape.
The White House ceremony surrounding the GENIUS Act's signing underscored its importance. President Trump himself hailed the legislation as potentially "the greatest revolution in financial technology since the birth of the Internet," highlighting its transformative potential for the financial sector. Prominent figures from the cryptocurrency industry, including representatives from Robinhood and Tether, were present to show their support for this regulatory framework. The widespread industry excitement suggests a bullish outlook for future stablecoin adoption and expansion across numerous business sectors.
The GENIUS Act's regulatory approach closely resembles the harmonized rules implemented in European Union markets. This similarity suggests that the US stablecoin market may experience comparable growth, characterized by increased institutional involvement and robust trading activity. As of July 19, 2025, data from internet sources reveals that Tether (USDT), the dominant stablecoin, maintained a price of $1.00, experiencing a minor 0.01% dip within a 24-hour period. With a market capitalization exceeding $160.92 billion and a 24-hour trading volume reaching $170.40 billion (a 17.31% fluctuation), USDT's dominance and market influence remain considerable.
