GENIUS Act Victory and OCC-USD: Pioneering Stablecoin Innovation with Sonic

Posted by Open Clear Capital Inc.

July 22, 2025 - The stablecoin landscape transformed on July 18, 2025, with the signing of the GENIUS Act, a historic U.S. law providing clear regulatory guidance for stablecoins. Passed with bipartisan support (308-122 in the House, 68-30 in the Senate), this legislation, alongside the CLARITY Act and Anti-CBDC Act, marked "Crypto Week" as a turning point for digital assets. As X users like

@FinancialCmte

and

@EleanorTerrett

celebrated, the GENIUS Act strengthens the U.S. dollar’s global dominance through regulated stablecoins, fostering innovation and consumer trust. At Open Clear Capital, we’re thrilled to align our OCC-USD stablecoin with this new era of clarity, leveraging the Sonic blockchain to redefine transparency in Web 3 finance.

A Milestone for OCC-USD on Sonic Blaze Testnet

Open Clear Capital is proud to announce the successful minting of OCC-USD, our T-Bill-backed stablecoin, on the Sonic Blaze testnet, a high-performance Layer-1 blockchain. Designed for Web 3 ecosystems, OCC-USD ensures 1:1 backing with U.S. Treasury Bills, meeting the GENIUS Act’s stringent reserve requirements. We’re utilizing Chainlink and Pyth to provide real-time proof-of-reserve transparency, ensuring every OCC-USD token is fully collateralized. This testnet phase, completed in Q3 2025, rigorously tests minting and burning mechanisms, paving the way for our mainnet launch later this year.

Why the GENIUS Act Matters

The GENIUS Act mandates full reserve backing, anti-money laundering (AML) compliance, and consumer protections, such as bankruptcy priority for coin holders. These measures address concerns raised by past stablecoin volatility, creating a safer market. As Senator Kirsten Gillibrand noted, “This bill empowers innovation while protecting investors.” On X, posts from

@CoinDesk

and

@CryptoSlate

echoed this optimism, predicting a 10x growth in the stablecoin market by 2029. OCC-USD is positioned to lead, combining Sonic’s low-cost, high-speed infrastructure with our commitment to transparency and regulatory compliance.

Join Our Journey

We’re excited to invite accredited investors and Web 3 enthusiasts to explore our Q3 2025 testnet dashboard, launching soon, which will showcase OCC-USD’s real-time reserve data. Join our pilot program to experience how OCC-USD is redefining stablecoin trust. Learn more about our team and compliance efforts at openclearcap.com/about.

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