#USStablecoinBill **Approve
#USStablecoinBill : What you need to know about the new stablecoin law in the U.S.**
The U.S. Congress has just approved the stablecoin bill (#USStablecoinBill), marking a milestone in the country's crypto regulation. Here are the key points:
### 📌 **Key points of the new law**
1️⃣ **Authorized issuers**: Only registered banks and financial institutions will be able to issue stablecoins (USDC, USDT will need to adapt)
2️⃣ **Audited reserves**: 100% backing in cash/government bonds with monthly audits
3️⃣ **Limit on non-bank issuers**: Cap of $10 billion for non-bank issuers like Circle or Tether
### 💡 **What it means for the market**
✔️ **Greater institutional confidence** in regulated stablecoins
✔️ **Possible consolidation** of the sector (small issuers may disappear)
✔️ **Advantage for USDC** (Circle already meets many requirements) over USDT
### ⚠️ **Controversies**
🔹 Tether would have 180 days to comply or leave the U.S. market
🔹 Critics argue that the law favors large banks over innovative startups
### 📈 **Immediate impact**
- USDC rises 3% after the announcement
- Exchanges like Coinbase prepare changes to comply with the regulation
**Next steps**: The law would come into effect in 2025, allowing time for adjustments. Many see this as the first step toward a complete crypto framework in the U.S.
#stablecoin #CriptoRegulación #Web3 *Sources: Bloomberg, CoinDesk, The Block*