GENIUS-covered
Issued under the US federal payment-stablecoin framework: reserve, disclosure and redemption rules apply to the issuer.
- Jurisdiction
- United States (federal)
- Regulator
- Federal banking regulators with state pathways for smaller issuers
- In force
- Signed 2025, with the compliance regime phasing in for issuers
- Reserve rule
- One-to-one backing in cash, insured deposits, short-dated Treasury bills, overnight repo and government money-market funds. Rehypothecation of reserves is restricted.
- Redemption right
- Issuers must publish redemption policy and honour redemption at par; holders rank ahead of other creditors in insolvency.
- Disclosure
- Monthly reserve composition reports, examined by a registered accounting firm.
What this regime does not protect you from
- • Yield paid by the issuer to holders — restricted under the framework
- • Tokens issued offshore that merely circulate in the US
- • Losses from holding the token at a failed exchange or lender
- • Smart-contract and bridge risk on the chains you use
Tokens under GENIUS-covered (1)
Columns
| $71.95B | $0.9997 | −0.51% | 8.02% | 91 |
Source: US Congress — payment stablecoin legislation. Regime tags describe an issuer's public registrations, not a rating.
Frequently asked
+ − Can a GENIUS-covered stablecoin pay me interest?
Not directly from the issuer. Any yield you see comes from a separate venue lending or investing your tokens, which carries that venue's risk rather than the issuer's.