What’s up with stablecoins after the GENIUS Act?

The GENIUS (Guiding and Establishing National Innovation for U.S. Stablecoins) Act, signed into law in July, establishes the nation’s first regulatory framework for payment stablecoins, digital assets that an issuer must redeem for a fixed sum in dollars. The law says who can issue stablecoins, what reserves issuers must have to back their stablecoins, and which government entity regulates them. 

So, what comes next? On October 27, the Hutchins Center on Fiscal and Monetary Policy will examine what financial companies are planning and how regulators are preparing to implement the act. Participating will be Dante Disparte of Circle, David Portilla of Davis Polk, and Yiming Ma of Columbia Business School, in a discussion moderated by Nellie Liang, Hutchins Center senior fellow and former Treasury under secretary for domestic finance. The panelists will also take questions from the audience. 

Online viewers can pose questions in advance by emailing [email protected].