GENIUS Act Implementation Guide for Stablecoins

This whitepaper provides a comprehensive guide to the GENIUS Act, which establishes the first federal regulatory framework for stablecoins in the United States. Signed into law on July 18, 2025, the Act aims to eliminate regulatory ambiguity for stablecoin issuers and sets forth a structured implementation timeline through January 2027. The document outlines the categories of permitted payment stablecoin issuers (PPSIs) and the regulatory responsibilities of federal agencies involved in the implementation process. It details the market structure changes resulting from the Act, including the creation of a two-tier stablecoin market. The whitepaper also discusses the implications for various stakeholders, including banks, fintech companies, and non-U.S. stablecoin issuers, emphasizing the new compliance requirements and the transition period for existing digital asset service providers. The GENIUS Act is positioned as a significant development in U.S. digital asset legislation, with potential impacts on both domestic and global markets.