Payment Stablecoin
GENIUS Act: America's First Federal Stablecoin Law, Explained
The Guiding and Establishing National Innovation for US Stablecoins Act — signed July 18, 2025 — is the first federal crypto legislation in US history. Here is what it does, what it doesn't, and why it matters.
Stablecoin
A crypto asset designed to maintain a stable value relative to a reference asset, typically a fiat currency, through reserve backing, algorithmic mechanisms, or a combination of both.
UK Stablecoin Regulation: A Principles-Based Approach to Payment Assets
The United Kingdom's stablecoin regulatory framework, developed through HM Treasury consultations and FCA rules, takes a principles-based approach that differs significantly from both MiCA and the US GENIUS Act.