Original sourceCryptoslate
Summary
The US Treasury has proposed rules under the GENIUS Act that would prohibit US service providers from offering or selling non-permissioned payment stablecoins to US customers starting July 18, 2028. Implementation is phased: from January 18, 2027, US issuers must comply with the GENIUS Act to issue…
Key points
- Stablecoin market participants need to understand future access requirements and compliance for the US market to adjust product strategies.
- The US will significantly restrict foreign stablecoin access, affecting circulation and market dynamics.
- Foreign stablecoin issuers wanting to serve US customers must follow a compliance path to obtain licenses or lose market access.
- These rules complement the GENIUS Act, showing concrete US stablecoin regulation.
Editorial note
This page is Code & Chain's editorial summary of public sources. It may be prepared with AI assistance and published through an automated workflow. Refer to the original sources; this content is not investment, legal, or tax advice.