A new policy analysis from EY breaks down the transformational impact of the GENIUS Act — a landmark federal framework for Payment Stablecoins and Digital Assets in the United States. For the first time, compliant tokenized money is going mainstream, unlocking opportunities across financial infrastructure, enterprise rails, and investor ecosystems.
1. Regulatory Clarity – The GENIUS Act establishes pathways for both banks and fintechs to become federally qualified stablecoin issuers, backed 1:1 by cash or Treasuries and subject to clear prudential standards.
2. Enterprise Adoption – With guardrails for reserves, AML compliance, and redemption rights, Stablecoins can now integrate into mainstream financial systems and programmable markets.
3. Strategic Shift – From treasury teams to B2B payment rails, this law accelerates the institutionalization of tokenized money and requires realignment across compliance, tax, audit, and governance.