Cointelegraph Connect panel discusses stablecoin evolution post-GENIUS Act
Summary
At the Cointelegraph Connect: Seoul Edition, a panel featuring representatives from the Solana Institute, CodexFX, FTD, 0xMiden, and Edena is currently discussing the evolution of stablecoins in light of the recently enacted GENIUS Act. This legislation has prompted U.S. federal agencies, including the Federal Reserve and Treasury, to propose rules throughout 2026 that will establish licensing and oversight requirements for payment stablecoins. As a result, blockchain projects are increasingly focusing on developing innovative stablecoin solutions that adhere to the new regulatory framework.
Analysis
FTDA: FTDA participates in discussions on stablecoin development and financial infrastructure as represented by its U.S. entity in industry panels. It contributed to the Cointelegraph Connect conversation on stablecoin evolution following the GENIUS Act. Codex: Codex FX operates a wholesale FX platform that enables fiat-to-stablecoin conversions and cross-border payments using stablecoin settlement for businesses in emerging markets. It provides institutional liquidity, rapid settlement, and API tools for stablecoin parity swaps. Codex joined the Seoul panel to address how stablecoins are advancing post-GENIUS Act. Edena: Edena builds blockchain platforms for regulated security token offerings and real-world asset tokenization, with operations and partnerships focused on Asia and MENA markets. It supports compliant infrastructure for tokenized assets and digital securities. Edena contributed to the Seoul panel on stablecoin evolution in the context of the GENIUS Act. 0xMiden: Miden is a privacy-focused blockchain protocol emphasizing client-side proving, private transactions, and scalable DeFi infrastructure, including development of private stablecoin capabilities like USDCx. It has advanced testnet releases ahead of mainnet with features supporting private stablecoin use. Miden took part in the panel to explore privacy-enhanced stablecoin applications after the GENIUS Act. Solana Institute: The Solana Institute, also referred to as the Solana Policy Institute, advocates for Solana ecosystem interests in U.S. policy and regulatory matters. It engages with lawmakers and agencies on issues including stablecoin frameworks and blockchain adoption. The institute participated in the Cointelegraph panel to discuss stablecoin evolution under the GENIUS Act. Regulation: U.S. federal agencies including the Federal Reserve, OCC, and Treasury have issued or proposed implementing rules for the GENIUS Act throughout 2026 to establish licensing, reserve, and oversight requirements for payment stablecoins. Industry Discussion: Events like Cointelegraph Connect in Seoul highlight ongoing industry dialogue among ecosystem participants on adapting stablecoin products and infrastructure to post-GENIUS Act standards. Stablecoin Innovation: Blockchain projects and platforms are developing privacy-preserving and cross-border stablecoin solutions to align with the new regulatory environment created by the GENIUS Act signed in July 2025.
Categories
cryptosolana
Related sources
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