Lawmakers think stablecoins are GENIUS: Inside the new US stablecoin bill
CryptoSlate's latest report unpacks the GENIUS Act, the Senate stablecoin bill mandating 1-to-1 reserves, clear licensing, and priority protections for dollar-backed tokens.
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Updated: Jun. 17, 2025 at 1:39 pm UTC
Launched in 2014, Tether is a blockchain-enabled platform designed to facilitate the use of fiat currencies in a digital manner.
USDC
$0.99999
USDC is a fully reserved stablecoin pegged 1:1 to the US dollar, issued by Circle Internet Financial Ltd.
Dai
$0.99977
Dai (DAI) is a cryptocurrency token and operates on the Ethereum platform.
Bitcoin
$85,428.30
Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.
Ethereum
$2,825.41
Ethereum is an open source smart contract platform and decentralized network that underpins a large share of the global crypto economy.
Tether Limited
Tether Limited is the issuer of Tether’s family of fiat-pegged stablecoins, most notably USD₮ (commonly referred to as USDT), the largest U.S.
Circle
Circle (Circle Internet Group, Inc.) is a U.S.-based financial technology company that issues fiat-backed stablecoins and provides open infrastructure for blockchain-based payments.
