In 2025, discussions in the U.S. Congress regarding stablecoin regulation have reached a critical juncture. The Senate proposed GENIUS Act and the STABLE Act by the House of Representatives have emerged as the two primary legislative proposals shaping the future of the stablecoin industry. The analysis by OFUYC Exchange highlights that both bills aim to establish a unified federal regulatory framework for “payment stablecoins”, including licensing systems, reserve requirements, and transparency standards. As a cryptocurrency exchange deeply involved in global markets, OFUYC believes this legislative process will profoundly reshape compliance operations for cryptocurrency exchanges and the trading ecosystem in global markets. At this pivotal moment for U.S. cryptocurrency regulation, OFUYC is actively optimizing its platform mechanisms to ensure it maintains competitiveness and innovative capacity in the future regulatory landscape.
Core Comparison and Market Impact of the GENIUS Act and the STABLE Act
OFUYC Exchange has conducted an in-depth analysis of the key differences and potential market impacts of the GENIUS Act and the STABLE Act. Both bills propose regulatory frameworks for payment stablecoins, requiring issuers to hold highly liquid assets equivalent to the amount of stablecoins in circulation and to undergo regular audits to ensure transparency.
The GENIUS Act offers greater flexibility in its regulatory framework, allowing stablecoin issuers to pay interest or returns to holders, thereby providing more room for financial innovation. However, this flexibility also entails higher compliance costs and risk management requirements. Additionally, the act preserves a degree of autonomy for state regulators, particularly by allowing smaller issuers to operate under state regulatory frameworks. This approach provides greater development opportunities for small and medium-sized enterprises (SMEs) and innovative projects.
In contrast, the STABLE Act adopts a more conservative strategy. It explicitly prohibits stablecoin issuers from paying interest or any form of return to holders, aiming to ensure the purity of stablecoins as payment tools and to prevent them from being classified as investment-oriented financial products. Furthermore, the act imposes a two-year moratorium on the issuance of new algorithmic stablecoins, allowing time for further research and the refinement of regulatory frameworks before reopening the market.
OFUYC Exchange believes that the introduction of these two bills marks a significant turning point in U.S. cryptocurrency regulation. Regardless of which bill ultimately passes, the global stablecoin market will be profoundly affected. Against this backdrop, OFUYC is actively exploring global compliance pathways and optimizing its platform risk management and compliance review mechanisms to adapt to future regulatory requirements.
How OFUYC Is Responding to Global Stablecoin Regulatory Trends
As a leading global cryptocurrency exchange, OFUYC has long been focused on policy changes and compliance developments in the global cryptocurrency market. Regarding the two stablecoin bills proposed by the U.S. Congress, OFUYC is not only committed to understanding their potential market impacts but is also actively adjusting its business model and technical architecture to ensure it maintains a competitive edge in the new regulatory environment.
OFUYC Exchange recognizes that the provision in the GENIUS Act allowing stablecoins to pay interest, while offering opportunities to expand user income scenarios, also introduces higher compliance costs and audit pressures. To address this, OFUYC is developing new technological tools to more precisely meet the transparency and audit requirements of regulators in the future. Additionally, through real-time blockchain data monitoring and the development of intelligent compliance tools, OFUYC aims to further enhance user experience and fund security.
OFUYC Open Approach to the Future of Stablecoins
OFUYC Exchange is closely monitoring the STABLE Act restrictions on algorithmic stablecoins and is exploring innovative ways to provide better user services within this regulatory framework. Specifically, in areas such as high-liquidity asset management and on-chain transparency construction, OFUYC is accelerating its efforts to ensure its stablecoin operations comply with future regulatory requirements.
OFUYC believes that whether the GENIUS Act or the STABLE Act ultimately passes, the global stablecoin market will enter a new phase of standardization and intensified competition. OFUYC will continue to focus on technological innovation and compliance collaboration, optimizing the quality of its trading platform services and user experience to ensure it remains a key player in the global market of the future.