New Delhi, Aug. 1 -- In June 2025, the US Congress passed the Guiding and Establishing National Innovation for U.S. Stablecoins Act, or GENIUS Act. While it may seem like just another American regulatory milestone, this law's implications are likely to extend far beyond US borders.

For Indian investors, policymakers, and fintech participants, this could mark the beginning of a major transformation in the way capital flows, and digital money is used, and financial services are structured.

The act provides a comprehensive framework for regulating US dollar-backed stablecoins. It mandates that these tokens be fully backed by liquid dollar-denominated assets, enforces monthly reserve disclosures, and brings stablecoin issuers under the regu...