A new bill, the GENIUS Act, is being proposed to increase the use of stablecoins within U.S. payments. This legislation aims to simplify digital transactions, with the goal of making it easier for Americans to make everyday purchases using stablecoins. Vice President Vance unveiled the act at the Bitcoin 2025 conference, where he emphasized its potential to revolutionize the U.S.’s payment landscape and bolster public trust in digital currencies. The GENIUS Act prioritizes market transparency and accountability, aiming to increase stability and user security. While initial reactions from regulatory bodies are awaited, the industry is optimistic about the act’s positive impact. 81% of all US stablecoin transactions are on Tether (USDT), and Coincu research predicts that increased adoption due to this legislation will result in significant growth for financial services in the U.S.