#美国稳定币法案 The U.S. 'Stablecoin Act' aims to bring stablecoins under a regulatory framework, requiring issuers to maintain sufficient reserves and undergo regular audits, which could reshape the industry landscape. The impact on the cryptocurrency sector is profound: increased compliance costs may eliminate small and medium-sized institutions, while leading projects (such as USDC) will expand their advantages, leading to higher market concentration; clearly defined regulatory rules could enhance investor confidence, reduce the risk of crashes, and promote mainstream financial acceptance of stablecoins. However, the DeFi ecosystem may be impacted, and some algorithmic stablecoins could face restrictions. In the short term, it may trigger market volatility, but in the long term, it will accelerate industry normalization, paving the way for the integration of the crypto market with traditional finance, while potentially stifling innovation and decentralization.