#PI The United States has just passed the stablecoin "GENIUS Act"
The following requirements are set for stablecoin issuers:
1. Reserve requirements: Issuers must hold reserve assets (such as USD, short-term government bonds, etc.) at a ratio of 1:1.
2. Disclosure and Audit: The composition of reserves must be disclosed monthly and reviewed by a registered accounting firm. The CEO and CFO must certify the accuracy of the disclosure to the regulatory authorities.
3. Regulatory Framework: Stablecoin issuers may be supervised by federal or state regulatory agencies, and small issuers (with an is