In July 2025 the United States enacted the Guiding and Establishing National Innovation for U.S. Stablecoins Act — the GENIUS Act (Public Law 119-27). In short, only permitted issuers may issue payment stablecoins for US use, with one-to-one liquid reserves, monthly reserve disclosures, redemption policies, and Bank Secrecy Act anti-money-laundering duties. Smaller non-bank issuers may sit under certified state regimes up to a size threshold; larger ones face federal supervision. Issuers are told not to market coins as government-backed, federally insured or legal tender.
That is meaningful for the legitimate market. It is not a halo for every chat coin labelled “USD something”. Scam desks will still paste “regulated stablecoin” into scripts. Your check stays boring: who is the issuer, which statute they claim, and whether the token you were sent matches that issuer’s published contract — not a screenshot from a stranger.
If something similar lands in your inbox, start at Get help. If the next pitch is “we can get the money back”, read Fake recovery first.
This article is for general information only. It is not legal or financial advice. Details change. If you have lost money, contact your bank or card issuer and use the routes on the help pages.