🚦 GENIUS Act Passes — Green Light for Stablecoin Payments?

For years, PSPs navigated stablecoin territory like a foggy highway—no signs, no rules, just vibes. The GENIUS Act offers clarity.

🏛️ What happened?

The U.S. Senate passed the first major stablecoin framework, defining stablecoins, issuers, and reserve requirements.

💡 Why PSPs should care:

✅ Regulatory clarity: Major issuers need bank-like charters.

✅ Stronger reserves: Only cash or sub-90-day Treasuries allowed.

✅ Legal footing: Redemption rights and PCAOB-audited reserves build trust.

⚠️ Drawbacks:

🚫 No live reserve transparency mandate (recall USDC’s depeg).

🏦 No fix for stablecoin-driven bank deposit drain.

🎭 Some meme-meets-politics energy persists.

📬 Impact for PSPs

GENIUS signals stablecoins maturing into regulated financial infrastructure.

At Cobo, we’re helping PSPs integrate stablecoins securely and compliantly without rebuilding their stack. GENIUS isn’t the end but provides a clearer map.

#Stablecoins #GENIUSAct #DigitalPayments #CryptoInfrastructure #PSPs