Stablecoin Evolution: Milestones up to the New GENIUS Act ✍️

Key Takeaways

• Tether was the first stablecoin backed 1:1 by the U.S. dollar and was launched in October 2014.
• Since then, financial companies like JPMorgan and PayPal have begun introducing digital coins.
• The U.S. government passed the GENIUS Act in July 2025, creating regulations for stablecoins.