US Treasury unveils GENIUS Act rules: stablecoin licenses required from January 18, 2027
- —Stablecoin market cap at $306.7 billion: USDT $183.5 billion, USDC $75.7 billion
- —US payment stablecoin issuers must hold licenses from January 18, 2027
- —Eligible reserves: cash, deposits, repos and US Treasuries with maturity of 93 days or less
- —T-bills make up 53% of Tether and Circle reserves, under 1% of total US debt
Why it matters: The rules set the framework for stablecoin issuers and will determine whether market growth becomes genuine new demand for short-term US debt.
Source: TokenPost