#美国稳定币法案 The U.S. "Stablecoin Act" aims to bring stablecoins into 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: compliance costs may rise, potentially eliminating small and medium-sized institutions, while leading projects (such as USDC) may gain advantages, increasing market concentration; clear regulatory rules can enhance investor confidence, reduce the risk of failures, and promote mainstream financial acceptance of stablecoins. However, the DeFi ecosystem may be impacted, and some algorithmic stablecoins may face restrictions. In the short term, this 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 decentralized characteristics.