US Treasury proposes rules for stablecoin issuance and sales under GENIUS Act

The US Treasury is advancing the GENIUS Act by proposing rules for stablecoin issuance and sales, including standards for vetting offshore issuers. This move seeks to provide industry clarity on licensing requirements while potentially favoring US issuers over foreign competitors. While the legislation takes effect in January 2027, the Treasury is currently requesting public input from stakeholders. Analysts suggest these regulatory pushes could strengthen the US dollar and subsequently impact global gold prices and commodity markets.