20-5-2025 -The U.S. Senate has voted to advance the GENIUS Act, with 66 senators in favour and 32 against, clearing a crucial hurdle in its legislative journey. This decisive approval sets the stage for the Act’s eventual passage, promising to establish a robust regulatory framework for U.S. stablecoins. The development heralds a new era for fiat-backed stablecoins, positioning them on the brink of widespread global adoption, as they offer a seamless mechanism for both individuals and institutions to transfer, hold, and save in U.S. dollars worldwide, with transactions that settle instantly and at minimal cost.
