#USStablecoinBill The #USStablecoinBill, formally known as the Clarity for Payment Stablecoins Act (H.R. 4766), is a proposed legislation in the United States aimed at regulating stablecoins. Here's a 100-word summary:

Key Provisions

- *Definition*: The bill defines payment stablecoins as digital assets pegged to a fiat currency.

- *Regulatory Framework*: It establishes a regulatory framework for stablecoin issuers, including requirements for reserves and disclosure.

- *Reserve Requirements*: Stablecoin issuers must maintain sufficient reserves to back their coins.

- *Disclosure Requirements*: Issuers must disclose information about their reserves and business practices.

Legislative Progress

The bill was introduced in the House of Representatives in July 2023 and is currently under consideration. Its passage could provide clarity on stablecoin regulation in the US ¹.