#USStablecoinBill **US Stablecoin Bill Explained (100 Words)**

The proposed US Stablecoin Bill aims to regulate dollar-pegged cryptocurrencies, ensuring stability and transparency. Key provisions include requiring issuers to hold 1:1 reserves (cash or cash equivalents), mandating federal oversight, and banning unbacked "algorithmic" stablecoins. The bill seeks to protect consumers, prevent fraud (like TerraUSD’s collapse), and maintain dollar dominance in digital finance. It may grant state and federal regulators dual authority, with stricter rules for non-bank issuers. Critics argue it could stifle innovation, while supporters believe it’s vital for financial security. If passed, it would shape the future of crypto payments and DeFi.