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GENIUS Act — Guiding and Establishing National Innovation for US Stablecoins
The GENIUS Act passed the Senate Banking Committee in March 2025 and represents the most significant US stablecoin legislation to date, establishing licensing requirements and reserve mandates for payment stablecoin issuers.
encyclopedia
Stablecoins
Stablecoins are blockchain tokens designed to maintain a stable value relative to a reference asset — typically the US dollar — serving as the cash settlement layer for tokenized asset markets, with $220B+ in total circulation as of early 2026.
Lens 5 · Regulatory Context
Stablecoins and Tokenized Payments: How the US Dollar Stays Dominant in the Digital Era
The GENIUS Act and STABLE Act are racing through Congress. Meanwhile, USDC processes $10 billion daily and JPMorgan's Kinexys tokenizes billions in corporate payments. Stablecoins are the payments infrastructure that makes tokenization work.