Patrick Gerhart, President of Banking Operations at Telecoin, shared insights with News Channel Nebraska on how this development will reshape the financial landscape for Nebraskans. “The GENIUS Act will provide much-needed regulation and insight into how the government will treat stablecoins, a type of cryptocurrency typically backed by a fiat currency,” Gerhart explained. “At Telecoin, we are developing a stablecoin that will be backed by the U.S. dollar on a one-to-one basis.”
