U.S. · The Block
Supporters argue that the law fixes the central weakness of the pre-2025 stablecoin market: the absence of a federal rulebook
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That confidence opens the door to broader institutional adoption from corporate treasuries and regulated payment networks that were previously hesitant.
Key facts
- Tether’s USDT is the largest by circulating supply, with more than $180 billion outstanding by the end of 2025
- Passed House 2025; Senate Banking Committee passed May 2026; not yet enacted
- Tether’s USDT, issued outside the United States, is not a permitted U.S. issuer under the GENIUS Act, which is why Tether launched USAT in January 2026 as a separate U.S.-regulated stablecoin issued
- Signed into law on July 18, 2025, the law sets rules for who can issue payment stablecoins, what those tokens must be backed by, how holders can redeem them, and which regulators supervise the issuers
Summary
The GENIUS Act is the U.S. federal law that creates a regulatory framework for dollar-backed stablecoins. In this article, they'll cover every important point included in the bill, as well as what it means for investors. GENIUS is an acronym for the Guiding and Establishing National Innovation for U.S. Stablecoins Act. The bill’s stated objectives are to provide regulatory clarity, protect consumers, support innovation in U.S. dollar payments, and align stablecoin oversight with the existing banking system. In under a decade, stablecoins grew from a niche piece of crypto infrastructure into a multi-hundred-billion-dollar sector.