What is the US Stablecoin Bill?

The US Stablecoin Bill is a proposed legislation by the US Congress aimed at establishing a legal framework for stablecoins – a type of cryptocurrency pegged to the value of the USD. The goal of the bill is to ensure financial stability, protect consumers, and prevent money laundering. The bill requires stablecoin issuers to be licensed and transparent about their collateral assets. If passed, this would be a significant step towards legalizing and regulating stablecoins in the US, while also impacting the global digital currency market.

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