#USStablecoinBill The US lawmakers' efforts to advance stablecoin legislation have garnered mixed sentiments. The proposed Stablecoin Transparency and Accountability for a Better Ledger Economy (STABLE) Act and the bipartisan Lummis-Gillibrand Payment Stablecoin Act aim to establish a regulatory framework for stablecoin issuers. While some view this as a step towards clarity and innovation, others are concerned about potential restrictions. Key provisions include maintaining 1:1 reserves, obtaining permission to issue stablecoins, and implementing strict audit requirements. The bills' sponsors believe this will promote responsible innovation, protect consumers, and maintain the US dollar's global position.