#USStablecoinBill

The proposed U.S. Stablecoin Bill, formally the *Clarity for Payment Stablecoins Act*, aims to establish federal oversight for stablecoins, digital assets pegged to fiat currencies like the U.S. dollar. Key provisions mandate issuers to maintain 1:1 reserves in cash or cash-equivalent assets, ensuring redemption stability. The Federal Reserve would supervise non-bank issuers, while state-regulated entities could operate under federal guidelines. The bill prohibits unbacked "algorithmic stablecoins" and requires transparency in audits and disclosures. It seeks to balance innovation with consumer protection, mitigating systemic risks in crypto markets. Critics argue it could stifle competition, while supporters emphasize financial stability. Congressional debates continue amid bipartisan negotiations.