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Stablecoins in United States

Regulatory framework and compliance status for stablecoins in United States

Overview

Region: North America
ISO Code: US
General Stance: permissive

Regulatory Framework: GENIUS Act (Public Law 119-27)
Effective Date: July 18, 2025
Licensing Required: Yes

Licensing Notes

Enacted July 2025. Establishes federal floor for payment stablecoins. Implementing regulations fully effective Jan 2027.

Regulator

OCC / Federal Reserve / Treasury

Official Website →

Permitted Stablecoins

6

Restricted/Prohibited

0

No restricted or prohibited stablecoins found.

Unclear Status

7

Regulatory Sources

According toCircle Regulatory Complianceas of January 1, 2024
According toGENIUS Act (Public Law 119-27)as of July 18, 2025
According toPaxos PYUSD Informationas of August 1, 2023
According toGemini Institutionalas of January 1, 2024
According toPax Dollaras of January 1, 2024
According toTether Announces the Launch of USA₮as of January 27, 2026
According toUSAT Policies and Disclosures - Anchorage Digitalas of December 1, 2025
According toGENIUS Act (Public Law 119-27)as of July 18, 2025
According toNY DFS Trust Charter (2015)as of May 6, 2015[archive]
According toSEC No-Action Relief (2019)as of October 16, 2019[archive]
According toTechteryx / TrueUSD Official Websiteas of January 1, 2024
According toSEC Statement on Stablecoinsas of December 1, 2021
According toTether Legal Termsas of January 1, 2024
According toMakerDAO Documentationas of January 1, 2024
According toEthena Dashboardas of January 1, 2024
According toFirst Digital Labsas of January 1, 2024
According toTether Legal Termsas of January 1, 2024
According toGENIUS Act - Guidance and Establishment of National Innovation for US Stablecoins Act (Public Law 119-27)as of July 18, 2025[archive]
According toSky Protocol Official Websiteas of January 31, 2026
According toCircle Regulatory Compliance Framework (Comparison Reference)as of December 1, 2025

Disclaimer: This information reflects issuer disclosures and regulatory guidance as of the dates indicated. Regulations change frequently. Verify current status with qualified legal counsel before making decisions. This registry does not provide investment advice.