kaal:claim:5454054-004

The GENIUS Act of 2025 is what makes merchant-issued stablecoins viable, because it supplies the enabling conditions of 1:1 reserve backing, audits, and AML compliance.

Source quote, verbatim
the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act of 2025, signed into law in July 2025, enables merchant-issued stablecoins by mandating 1:1 reserve backing, audits, and AML compliance.
From

Wulf A. Kaal, Liquid Equity Rewards (2025), Regulatory Enablers and Implications, p. 7
https://ssrn.com/abstract=5454054 · source PDF

Cite as

Wulf A. Kaal, Liquid Equity Rewards (2025). SSRN: https://ssrn.com/abstract=5454054

Holds when
Classification

conditionsupport: evidencedtokenomicscompliance

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