GENIUS Act Passed: A New Era of Stablecoin Regulation in the United States, Chainlink Empowers Global Expansion

The U.S. Senate has officially passed the GENIUS Act (Guiding and Establishing National Innovation for U.S. Stablecoins Act), a milestone legislation that establishes a regulatory framework for fiat-backed stablecoins.

This is a decisive moment for the digital asset industry, laying the foundation for stablecoin expansion globally.
The total on-chain stablecoin scale has exceeded $250 billion, being one of the most widely adopted and verified on-chain use cases, capable of enabling dollar usage globally with near-instant settlement, low fees, and 24/7 accessibility. The value of this track is expected to grow to trillions of dollars, thus requiring stablecoins to have robust, transparent, and verifiable infrastructure to establish trust and achieve scalability at a global level.
Chainlink is the only platform that can provide reserve proof, cross-chain connectivity, and on-chain identity and compliance within the same system - all of which are crucial for securely expanding the stablecoin ecosystem to achieve global adoption.
Chainlink Reserve Proof enhances the transparency of fiat currency reserves supporting stablecoins and supports advanced security features like Secure Mint, preventing infinite minting attacks by ensuring sufficient reserves before issuing new tokens. Chainlink CCIP enables interoperability between public and private blockchains, allowing stablecoins to be transferred between different systems and achieve global distribution.
All these features can be configured, deployed, and managed through a single workflow in the Chainlink Runtime Environment (CRE) - providing a unified system to prove reserves, meet compliance requirements, and enable seamless cross-chain interoperability.
With the passage of the GENIUS Act, global stablecoin adoption will accelerate.