US President Trump signed the "Guide and Establishment of a United States Stablecoin National Innova

US President Donald Trump signed a landmark cryptocurrency regulation bill, the first major US legislation targeting the digital currency sector. The bill aims to regulate digital assets that allow users to make peer-to-peer payments directly online.

At a signing ceremony held at the White House on Friday, Trump officially wrote the "Guidance and Establishment of the United States Stablecoin National Innovation Act" (GENIUS Act for short) into law. Several Republican lawmakers who support the bill and cryptocurrency industry leaders witnessed this historic moment together.

In a speech before signing, Trump said: "Today, we are taking a key step to consolidate the United States' leadership in the global financial technology field." He emphasized: "The GENIUS Act establishes a clear and concise regulatory framework that will fully unleash the huge potential of the US dollar stablecoin. This may be the most revolutionary breakthrough in the field of financial technology since the advent of the Internet."

As a special form of cryptocurrency, the value of stablecoins remains relatively stable, which is in sharp contrast to digital assets such as Bitcoin, whose prices fluctuate violently. Among them, the US dollar stablecoin (also known as the digital dollar) maintains a fixed exchange rate of 1:1 with the US dollar.

David Sachs, the White House director of artificial intelligence and cryptocurrency affairs, who attended the ceremony, explained: "According to the bill, the issuer of stablecoins must maintain a 1:1 reserve with traditional US dollars in a US bank account to ensure that users can exchange cash at any time." He pointed out that the bill will further consolidate the dollar's dominance in the international payment system by promoting the globally accepted "digital dollar".

Compared with traditional bank transfers or electronic payment methods such as PayPal, digital dollar transactions are not subject to geographical restrictions and business hours, and can achieve instant settlement of cross-border payments. These transaction records will be kept on the blockchain public ledger maintained by a decentralized network.

Trump particularly emphasized: "Many people have not yet realized that our existing financial infrastructure is decades behind the times." He added: "The GENIUS Act provides financial institutions with clear standards for issuing crypto assets backed by cash equivalents such as US dollars and treasury bonds, which actually strengthens the international status of the US dollar."

Faced with the trend of de-dollarization promoted by the BRICS group (Brazil, Russia, India, China and South Africa), Trump reiterated his determination to maintain the US dollar's status as a global reserve currency. The signing of the bill is seen as an important strategic move for the United States to maintain its financial dominance in the era of digital currency.