GENIUS Act: A New Milestone for the Global Stablecoin Industry
Early morning of July 19, 2025 (Vietnam time), US President Donald Trump officially signed the approval GENIUS Act at the White House – the first stablecoin law in US history. This is considered a major breakthrough that brings stablecoin, digital assets pegged to USD, within a clear and transparent legal framework.
The GENIUS Act (Guiding and Establishing National Innovation for US Stablecoins Act) sets out a series of stringent requirements to ensure user safety and market stability, including:
- Stablecoin must be backed by 100% in USD or equivalent liquid assets.
- Issuers are subject to regular audits and strict compliance with anti-money laundering (AML) regulations.
- The reserve fund is invested only in safe assets such as short-term US government bonds.
- Flexible licensing regime at state or federal level.
- The Fed and OCC are responsible for direct supervision.
The passage of the GENIUS Act with bipartisan support officially legalizes stablecoins in financial transactions in the US, paving the way for innovation in the global financial system and promoting the on-chain economy.
Tether and Circle – The Race to Comply with GENIUS Rules
The signing ceremony attracted the participation of a series of big names in the crypto industry such as Paolo Ardoino (CEO Tether), Jeremy Allaire (CEO Circle), Brian Armstrong (Coinbase), Sergey Nazarov (Chainlink) or the Winklevoss brothers (Gemini).
- Tether announced that it will issue a separate version of USDT for the US market to comply with the GENIUS law, and conduct transparent audits – something the company has previously been criticized for lacking.
- Circle – the company that issues USDC – appears more confident as it has been fully compliant with US financial regulations for many years. CEO Jeremy Allaire even shared a photo of him shaking hands with President Trump right after the signing.
Despite causing a lot of political controversy, especially about the relationship between Trump and the stablecoin project USD1 belong to World Liberty Financial, this law is still considered a great opportunity for stablecoin companies to develop more legally and transparently.
Accompanying the global digital finance trend
In the context of the world promoting the legalization and standardization of digital assets, HVA Group emerged as one of the pioneering enterprises in Vietnam in researching and developing blockchain solutions applied to finance.
The US officially issued GENIUS Act is a positive signal not only for big names like Tether or Circle but also opens up international cooperation opportunities for blockchain businesses in Southeast Asia, including HVA Group. With the orientation to become Bridge between global financial technology and Vietnamese market, HVA Group is focusing on building legally compliant stablecoin solutions, highly secure e-wallets, and smart payment platforms.
Trump signing event GENIUS Act once again affirm: Transparency, compliance and innovation is the key for fintech businesses to go global. HVA Group is committed to accompanying the Vietnamese blockchain community in creating sustainable and transparent digital financial values, contributing to making Vietnam a bright spot on the regional fintech map.
Conclude
President Trump's signing GENIUS Act Not only is it an important legal step for the United States, it also marks New Era of Global Stablecoins. This is also an opportunity for fintech companies, including HVA Group, accelerate to catch up with trends, develop digital financial solutions that are safer and more transparent than ever.
