GENIUS Act Establishes Federal Framework for Stablecoins: Implications for the Crypto Landscape

Circle CEO Jeremy Allaire announced that USDC has achieved full reserve status, bolstering its position as a leading stablecoin. This move highlights the importance of stable reserve management for ensuring liquidity and stability in a growingly regulated market. The U.S. recently passed the GENIUS Act, creating a federal framework for stablecoin issuers. This marks a significant regulatory shift aimed at promoting stability and compliance within the digital currency space.