#美国稳定币法案 The legislation for stablecoins in the United States is 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 at a 1:1 ratio and comply with anti-money laundering regulations. However, some Democratic lawmakers have withdrawn their support for the bill due to concerns over national security and anti-money laundering provisions, leading to uncertainty about its prospects. Additionally, the "STABLE Act" emphasizes the "redemption right" of stablecoins, ensuring users can exchange stablecoins for dollars at a 1:1 ratio and prohibiting the issuance of algorithmic stablecoins without legal currency backing. These legislative developments could reshape the global stablecoin landscape and strengthen the dollar's dominant position in the digital asset realm.