Genius Act
The FDIC chairman said stablecoins will not qualify for deposit insurance under the GENIUS Act, and that pass-through coverage is also off the table. The decision removes a regulatory path to federal-backed protection for token holders.
Fidelity has launched FIDD, a stablecoin on Ethereum available to both institutional and retail participants and designed to comply with the GENIUS Act’s new reserve requirements.
Tether unveiled USA₮, a dollar-backed stablecoin targeted at the U.S. market to align with the federal framework established by the GENIUS Act. The product is pitched as a "Made in America" option designed to sit alongside Tether's existing USDT liquidity.
The FDIC has opened a formal rulemaking process to create procedures allowing depository institutions to form and operate stablecoin subsidiaries under the GENIUS Act. The move is the first concrete federal step toward integrating bank-issued stablecoins into the U.S. financial system.
The GENIUS Act signed into law in 2025 creates a national regulatory framework for US payment stablecoins. It promises to simplify compliance for fintech firms and could revolutionize payment systems, offering consumers smoother transactions. Platforms like Bitlet.app, with its crypto installment solutions, stand to benefit from this innovation by making crypto more accessible and user-friendly.
Coinbase has initiated a campaign aimed at preventing the banking industry's attempts to reverse important provisions of the GENIUS Act, preserving crypto innovation and user protections. Learn more about how this impacts the crypto market and how Bitlet.app offers innovative ways to buy cryptocurrencies.
Despite the introduction of the GENIUS Act and other positive policy news, cryptocurrency prices experienced a decline. Here’s an analysis of what’s causing the drop and how investors can navigate the volatile market.
Tether announces its new U.S. stablecoin USAT, led by CEO Bo Hines, supported by Anchorage Digital and Cantor Fitzgerald. This move follows the Genius Act regulating stablecoins and targets use cases like remittances and online payments.
The U.S. Department of the Treasury has announced a request for public comments to help shape the implementation of the GENIUS Act, focusing on stablecoin regulation frameworks. This move aims to ensure a well-regulated and innovative stablecoin market in the United States.
Standard Chartered has increased its Ether price prediction to $7,500 by the end of 2025, driven by industry growth and regulatory support like the Genius Act. Recent Ether price surges highlight growing crypto acceptance.