In response to the newly enacted GENIUS Act, U.S. stablecoin issuers are abandoning interest-bearing models to focus on compliance and transparency. This pivotal regulatory change aims to ensure secure, reserve-backed digital assets while aligning closely with central bank objectives, marking a noteworthy shift away from yield-driven competition. As global scrutiny intensifies, industry leaders like Bitget emerge as key players in fostering institutional trust amidst evolving regulations, while other regions, including the U.K., advance their own frameworks.
“The United States Office of the Comptroller of the Currency (OCC) has published proposed rules on the GENIUS Act and opened a public comment window, moving the US stablecoin framework towards full implementation.”