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Stablecoin Developers Accelerate Preparations Ahead of GENIUS Act

Industry players move swiftly to address potential compliance needs as new U.S. legislation targeting stablecoins approaches.

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Terms & Concepts
  • Stablecoin: A type of cryptocurrency pegged to a stable asset, such as a fiat currency or commodity, to minimize price volatility.
  • GENIUS Act: Proposed U.S. legislation aimed at regulating the issuance and operation of stablecoins.