Money Transfer,

$710 Billion in Transactions, One Act to Rule Them All: GENIUS Act Hits Tether, Boosts USDC

Panda Money

29 Jun 2025 — 2 min read

GENIUS Act Impact

The Stablecoin market is facing a seismic shift. With over $710 billion in monthly transactions and a total market cap exceeding $210 billion, stablecoins like Tether (USDT) and USD Coin (USDC) have become critical pillars of the global digital payments ecosystem. But everything is about to change—thanks to the newly passed GENIUS Act in the United States.

What’s the GENIUS Act All About?

The GENIUS Act, recently passed by the U.S. Senate with bipartisan support, marks the first major legislative framework to regulate stablecoins at the federal level. It aims to bring transparency, accountability, and trust to a rapidly growing digital financial space.

Key Highlights of the Act:

Stablecoins must be 100% backed by cash or U.S. Treasuries
Mandatory audits and real-time disclosure of reserves
Licensing requirements for all stablecoin issuers operating in the U.S.
Clear classification: stablecoins are now payment instruments, not securities

Why Tether Is in Trouble

Tether (USDT), the largest stablecoin by market cap ($156 billion), has long faced scrutiny over the transparency of its reserves. Despite dominating transaction volumes, its lack of full audits and regulatory clarity has raised red flags.

Under the GENIUS Act:

Tether will need to either comply fully or shift operations overseas
U.S. users and platforms may start moving away from USDT to avoid regulatory risks
Competitors with stronger compliance credentials are now better positioned to grow

Why Circle and USDC Could Win Big

Circle, the issuer of USDC, has built its reputation on transparency and regulatory cooperation. With a market cap of $57 billion and a recent IPO that boosted investor confidence, USDC is primed to take a larger share of the pie.

USDC is already fully backed by U.S. Treasuries and audited regularly
It’s positioned as the compliant and institution-friendly stablecoin
Adoption is growing in traditional finance and cross-border commerce

The Bigger Picture: What It Means for You

If you're an NRI or someone who regularly sends money internationally, this matters more than you think:

More safety and clarity in using stablecoins for transfers
Less risk of sudden delisting from platforms or wallets
Better rates and faster settlements with stablecoins that meet new standards

As governments push for cleaner, clearer digital finance ecosystems, users can expect better tools—but only if they choose platforms that adapt fast.

Panda Money’s Take

At Panda Money, we welcome this clarity. Our mission is to bring fair, fast, and transparent international money movement to NRIs. As regulations mature, we continue to:

Use Google FX Rates—no markup surprises
Offer Immediate Settlement
Provide Transparent Pricing with no Hidden Fees
Educate our users to build financial literacy and trust

🔗 GetPanda.Money — Because smart remittance deserves smart regulation.

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