Currently, there are no stablecoins compliant with the GENIUS Act, as the regulatory rules are still under development. Compliance is projected to begin by November 2026.
Current Status of Stablecoin Regulation
Chief Legal Officer of Variant, Jake Chervinsky, confirmed on Twitter that no stablecoin currently meets the GENIUS compliance criteria. Stablecoin operations continue under existing regulatory frameworks until the anticipated completion of new guidelines.
GENIUS Act and Its Implications
The GENIUS Act aims to create the most comprehensive federal framework for stablecoins in the United States by 2026. However, it remains unclear what specific requirements will be set for stablecoin issuers.
Market Analysis of Stablecoins Until 2026
Stablecoins like USDT, USDC, and DAI operate under previously established norms until new regulatory requirements are introduced. As of September 11, 2025, Tether USDt (USDT) maintains a stable price of $1.00, with a market capitalization of approximately $169.38 billion.
The stablecoin market remains stable despite the anticipated regulatory changes. Investors and issuers are navigating current issues within existing frameworks until new rules are finalized.
