Kalam Crypto #153: GENIUS Act Ignites Stablecoin Momentum

“Today’s generation of stablecoins and blockchain-based financial services is not disrupting the real economy, but rather extending its reach.” – Dante Disparte, Circle

Ahlan wa sahlan! Welcome to the latest edition of Kalam Crypto, your trusted source for crisp, insightful updates on everything crypto across the globe and the MENA region. This week, the spotlight shines brightly on the newly enacted U.S. GENIUS Act, a landmark law that pushes stablecoins fully into the financial mainstream with rigorous regulation and trust-building mandates. Amidst this global momentum, CoinMENA’s freshly revamped app ensures you have secure, instant, and seamless access to top digital assets like USDT and USDC, reflecting the cutting-edge compliance and innovation that CoinMENA has championed.

All this and more in this week’s Kalam Crypto! Let’s dive in👇

CoinMENA News 🗞️

Have You Tried the Upgraded CoinMENA App Yet?

Last week, we launched our redesigned CoinMENA app, engineered for today’s crypto landscape with smoother navigation and fast trading for leading stablecoins and cryptocurrencies. This upgraded app delivers a faster, smarter, and more secure trading experience, all wrapped in a sleek new look. Read more about the new upgrade on our latest blog post, which is now accessible directly from the app.

Blog of The Week ✍️

Check out the latest blog post by our Founder and Managing Director, Dina Sam'an. She shares her thoughts on Bitcoin’s all-time highs, regional leadership in the UAE and Bahrain, and why regulatory clarity matters now more than ever. 

Global News 🌍

Tether and USDC Lead the Charge Amidst GENIUS Act Momentum The GENIUS Act, passed with bipartisan support, has introduced strict 1:1 reserve backing and independent audit requirements for stablecoins, bringing much-needed credibility and trust to a $250 billion market. Stablecoins like Tether (USDT, with an approx $160 billion market cap) and USDC (between $60–62 billion) continue to see rapid adoption.

Local News 📍

Abu Dhabi Judiciary Embraces Stablecoins As of July 22, Abu Dhabi’s judiciary became the first in MENA to accept stablecoin payments for judicial services, reflecting the UAE’s progressive approach to public sector crypto adoption and regulatory openness, particularly for compliant digital payment solutions.

Bahrain Launches Stablecoin Licensing Module The Central Bank of Bahrain activated its new “Stablecoin Issuance and Offering (SIO) Module” in July, establishing a clear licensing and oversight path for fiat-backed stablecoins with strong investor protections and transparent requirements, solidifying Bahrain’s reputation as a regional stablecoin hub. As Bahrain and the UAE continue to lead by example, setting clear regulatory standards that foster innovation and build trust in the digital economy, we at CoinMENA are proud to operate in two of the most forward-thinking jurisdictions in the MENA region.

Keep an eye on 👀

Bitcoin has traded steadily above $118,000 through July 2025, supported by strong ETF inflows and growing institutional participation. XRP broke through $3.60 on renewed investor optimism following Ripple’s favorable SEC outcome, fueling a broader altcoin rally with Ethereum, Solana, and Cardano posting significant gains. The total cryptocurrency market capitalization surpassed $4 trillion for the first time, driven by increased institutional demand and regulatory clarity amid these rallies.

Post Of The Week 🐥

🚀Big milestone for CoinMENA!

We celebrated the launch of our new app this week; a proud moment for the team, led by our founders Dina Saman and Talal Tabbaa. Catch a glimpse of the celebration👇

Quiz Corner ✅ 

Last week’s question: As Bitcoin’s market cap surged past $2.4 trillion, it overtook which of the following assets to become the 5th largest in the world?

The correct answer is: D) All of the above

What does the GENIUS Act regulate?  

A) Bitcoin mining  

B) Stablecoins  

C) NFTs  

D) DeFi protocols   See the answer in next week’s newsletter. Or check out our learning platform https://university.coinmena.com/