What are stablecoins? Everything to know about the crypto being debated in Congress
The GENIUS act stands for "Guiding and Establishing National Innovation for U.S. Stablecoins of 2025." If the legislation passes, it could usher in mainstream adoption of stablecoins for digital payments and spur growth in the stablecoin industry, said research scientist Christian Catalini. He added that traditional Wall Street firms and startups would also compete to offer stablecoins.