Genius Group, a Bitcoin treasury company, plans to issue stablecoins and provide digital asset services

ChainCatcher news, currently listed on NYSE American under the New York Stock Exchange, Bitcoin treasury company Genius Group has disclosed plans to issue stablecoins and provide digital asset services under the "GENIUS Act." The company will apply to become a non-bank licensed stablecoin issuer and digital asset service provider through its holding company or its wholly-owned subsidiaries, and is exploring the expansion of the Genius Wallet's functionality beyond GEM points, including support for stablecoin cross-border transactions.

It is reported that Genius Group currently holds 200 bitcoins, with a market value of approximately 23 million dollars based on the current price of 113,000 dollars.