President Trump has signed the GENIUS Act into law, providing a regulatory framework for stablecoin issuers. This move will likely encourage mainstream banks and fintechs to incorporate stablecoins into everyday life in America. The bill aims to improve the bottomline of regular people by offering two main benefits: savings and shopping.
Stablecoins could revolutionize savings by allowing users to buy tokens with dollars and earn interest, potentially beating traditional bank savings rates. However, these deposits are not insured like bank funds and do not offer FDIC protection.
On the shopping front, Osama Bari from the D24 Fintech Group predicts that consumers will receive instant rebates for stablecoin transactions. Retailers may not have to pay interchange fees when they accept stablecoins, leading to a better deal for consumers.
While adoption is crucial for the widespread use of stablecoins, it remains to be seen how the traditional finance industry implements this new law. Incumbents might push back hard against these benefits, and only time will tell if stablecoins will revolutionize savings and shopping in America.
Source: https://www.axios.com/2025/07/19/stablecoins-genius-act-tradfi