https://images.mktw.net/im-59428595
Last Updated:
First Published:
If bitcoin
BTCUSD is “digital gold,” stablecoins are “digital cash.” Stablecoins — designed to maintain a steady $1 value — have become the backbone of moving funds around the crypto ecosystem (providing a stable currency for trading and payments).
Until recently, there were no clear, uniform rules for stablecoins, and oversight was patchy at best. Last July, Congress passed the Guiding and Establishing National Innovation for U.S. Stablecoins Act, better known as the GENIUS Act. This first-of-its-kind federal crypto law dictates how these digital coins can be issued and managed, introducing clear rules that will bring investors new opportunities and new risks.
This post was originally published on Market Watch
