#USStablecoinBill The US Stablecoin bill, also known as the Lummis-Gillibrand Payment Stablecoin Act, aims to regulate the stablecoin industry. Key provisions include :

- *Ban on Algorithmic Stablecoins*: The bill proposes prohibiting algorithmic stablecoins, which are stablecoins that use algorithms to maintain their value.

- *Reserve Requirements*: Issuers of stablecoins would be required to maintain reserves backing their coins.

- *Licensing and Supervision*: Non-bank stablecoin issuers would need to obtain a license and supervision from relevant authorities.

- *Compliance with Anti-Money Laundering (AML) and Know-Your-Customer (KYC) Regulations*: Stablecoin issuers would need to comply with AML/KYC regulations to prevent illicit activities.

- *Restrictions on Issuance*: The bill may restrict the issuance of stablecoins by entities other than banks or licensed non-bank issuers.

The bill's specifics can evolve as it moves through the legislative process. If passed, it would significantly impact the stablecoin market in the US, affecting issuers, users, and the broader cryptocurrency ecosystem.