#美国稳定币法案 The legislation on stablecoins in the United States is currently at a critical stage. The Senate has passed the GENIUS Act, which aims to implement federal regulation on stablecoin issuers with a market capitalization exceeding $10 billion (such as USDT, USDC), requiring them to hold high-quality dollar assets on a 1:1 basis and comply with anti-money laundering regulations, among others. However, some Democratic lawmakers have withdrawn their support for the bill due to concerns over national security and anti-money laundering provisions, leading to uncertainty about its future. Additionally, the STABLE Act emphasizes the 'redemption rights' of stablecoins, ensuring that users can exchange stablecoins for dollars on a 1:1 basis, and prohibits the issuance of algorithmic stablecoins that lack backing by fiat currency. These legislative developments could reshape the global stablecoin landscape and strengthen the dollar's dominant position in the digital asset space.