What is a stablecoin? How does the GENIUS Act regulate them?

U.S. Crypto Regulation Major Shift: SEC Withdraws Rules from Biden Era, GENIUS Act Faces Crucial Vote

The regulation of cryptocurrencies in the United States is facing a historic turning point. The U.S. Securities and Exchange Commission (SEC) recently announced the withdrawal of a series of crypto regulations led by Gary Gensler, the chairman during the Biden administration. Meanwhile, the U.S. Sen