The world has seen no shortage of would-be financial revolutions in recent years. But an emerging type of cryptocurrency now arrives bearing the full force and endorsement of the federal government. The Genius Act, signed by President Donald Trump in July, lays out the playing field for stablecoin currencies — cryptocurrencies based on underlying assets that make them, at least theoretically, less volatile. The act aims to set in motion what many see as a new era in finance.

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