The Genius Act marks a turning point for stablecoins, offering them legal legitimacy and regulatory clarity. “This legitimisation of stablecoins is certainly going to give a huge boost,” says Eswar Prasad, Professor at Cornell University. With major players like Tether and USD Coin already surpassing $200 billion in market cap, the Act is expected to accelerate adoption and open doors for private issuers like Amazon and Walmart.
