The U.S. dollar is officially going on-chain. Treasury Secretary Scott Bessent confirmed that the U.S. government will integrate the dollar into blockchain networks following the signing of the GENIUS Act by President Donald Trump.
The landmark legislation establishes clear federal guidelines for stablecoin issuance, setting strict compliance standards for banks and authorized issuers.
Bessent described the move as a pivotal step toward modernizing the financial system, stating that blockchain will power the “next generation of payments.”
Trump celebrated the bill during a White House signing event, calling it “one of the most transformative financial laws since the internet era.”
He said the GENIUS Act would unleash the full potential of dollar-backed stablecoins while preserving the dollar’s role as the world’s reserve currency.
By aligning regulation with innovation, the U.S. aims to remain at the forefront of digital finance, bringing blockchain and the dollar closer than ever.
Alexander Zdravkov
Reporter at Coindoo
Alexander Zdravkov is a person who always looks for the logic behind things. He is fluent in German and has more than 3 years of experience in the crypto space, where he skillfully identifies new trends in the world of digital currencies. Whether providing in-depth analysis or daily reports on all topics, his deep understanding and enthusiasm for what he does make him a valuable member of the team.
Source: https://coindoo.com/new-stablecoin-law-brings-digital-dollar-closer-to-reality/