Genius Act paves way for regulated stablecoin payments in retail

NEW YORK - Rezolve Ai (NASDAQ:RZLV), a technology company with an impressive 81.87% gross profit margin and projected revenue growth of 167% for FY2025 according to InvestingPro data, announced Monday it is positioning its AI commerce platform to support retail stablecoin transactions following the passage of the GENIUS Act, which establishes comprehensive regulations for stablecoins in the United States.

The legislation, signed into law on July 18, requires all stablecoins used in the U.S. to be fully backed, audited, and issued under federal oversight. In response, Tether, which has a market capitalization exceeding $150 billion, plans to issue a U.S.-regulated stablecoin that complies with the new requirements. The move comes as Rezolve Ai, currently valued at $701 million, shows strong momentum with a 15.1% price gain over the past week.

Rezolve Ai’s platform, which is integrated with Microsoft Azure and Google Cloud, is designed to facilitate digital currency transactions in retail environments. The company stated it aims to serve as a technology bridge between retailers and the emerging stablecoin economy. InvestingPro analysis reveals 12 additional key insights about Rezolve’s market position and growth potential, available to subscribers.

"The GENIUS Act is expected to transform stablecoins from speculative assets into regulated digital dollars," said Daniel M. Wagner, CEO of Rezolve Ai, according to the company’s press release.

The regulatory framework is anticipated to increase adoption of stablecoin transactions across retail, eCommerce, and financial technology sectors. Rezolve Ai claims its infrastructure is already architected to support wallet-based payments, including stablecoins.

The company highlighted its cloud distribution through Microsoft and Google as providing enterprise-grade scalability for potential stablecoin payment solutions.

Rezolve Ai specializes in AI-powered solutions for customer engagement and operational efficiency. The information in this article is based on a company press release statement.

In other recent news, Rezolve Ai has reported significant progress with its financial metrics and strategic initiatives. The company announced that its Annual Recurring Revenue (ARR) has surpassed $70 million, a notable achievement since it began generating revenue earlier this year. This growth is attributed to the GroupBy acquisition and new deployments across various sectors, including fashion and electronics. Additionally, Rezolve Ai secured a substantial $9.8 million annual contract with Mexican retailer El Puerto de Liverpool. Analyst firm H.C. Wainwright reaffirmed its Buy rating and maintained a $4.00 price target on Rezolve Ai, highlighting the company’s potential profitability at $90 million in ARR. Meanwhile, Cantor Fitzgerald also expressed confidence in Rezolve Ai’s strategic direction, maintaining an Overweight rating with a $5.00 price target. Rezolve Ai has committed to a $1 billion Bitcoin-backed treasury strategy, aiming to integrate Bitcoin-backed liquidity into its payment systems. The company emphasizes responsible implementation and expects further announcements on this initiative in the coming months.

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