Genius Act News

North Dakota plans to launch Roughrider Coin, a fully dollar-backed stablecoin, in 2026, in partnership with payments company Fiserv.

Despite dominating stablecoin inflows, Tether’s USDt and Circle’s USDC have slowly lost market share, signaling the end of the “stablecoin duopoly.”

G7 nations are introducing stablecoin rules, from Japan’s pioneering framework to the US GENIUS Act and Europe’s MiCA, reshaping the future of digital money.

US President Donald Trump’s son Eric told the New York Post that stablecoins could “save the US dollar,” and defended his family’s crypto ventures.

US regulatory frameworks signal acceptance of crypto, but most blockchains lack the privacy and compliance features institutions need.

Paxos has proposed a fully compliant USDH stablecoin for the Hyperliquid ecosystem, with most of its yield funneled into HYPE token buybacks.

“Japan prizes systemic stability above innovation speed, while the US is signaling a bigger market-opening play,” said Startale Group’s Takashi Tezuka.

Critics warn the US Treasury’s push to embed ID checks into DeFi smart contracts could erode privacy and hollow out permissionless finance.

MetaMask will roll out its mUSD stablecoin in 2025, launching first on Ethereum and Consensys’ Linea network for use across Web3 applications.

The latest Clear Crypto Podcast explores insights into US crypto policy, the GENIUS Act, Solana’s lobbying strategy and Washington’s new embrace of blockchain.

The Banking Policy Institute wants lawmakers to further fine-tune the GENIUS Act to prevent any possibility of interest-bearing stablecoins.

The Treasury is considering embedding digital identity checks into DeFi smart contracts as part of its GENIUS Act consultation on crypto compliance tools.

Critics misunderstand the GENIUS Act’s actual influence. It doesn’t free Bitcoin from taxes but breaks Wall Street’s stranglehold on dollar clearing.

Standard Chartered now sees ETH hitting $7,500 in 2025, fueled by record ETF and treasury buying, stablecoin growth and Ethereum network upgrades.

The US GENIUS Act may boost stablecoin adoption, but its ban on yield-bearing stablecoins could drive trillions into tokenized real-world assets.