#USStablecoinBill refers to the draft law (RUU) in the US aimed at regulating **stablecoins** (cryptocurrency with stable value, such as USDT or USDC, usually pegged to fiat currencies like USD).

### **Key Points:**

1. **Strict Regulation** – Establishing standards for issuance, reserves, and transparency for stablecoins.

2. **Regulatory Authority** – Central banks (Federal Reserve) and state agencies (such as OCC) may be the main regulators.

3. **Issuers** – Banks or non-bank entities can issue, but under strict conditions (e.g., 1:1 reserves with liquid assets).

4. **Ban on "Private" Stablecoins** – Some versions of the bill prohibit stablecoins that are not government-approved (e.g., unlicensed projects).

### **Objectives:**

- Protect consumers from risks of *rug pulls* or defaults.

- Prevent the use of stablecoins for financial crimes.

- Maintain the dominance of USD in the cryptocurrency ecosystem.

### **Status:**

Still under discussion in the US Congress, with support from both parties (Democrats & Republicans). If passed, it could become a global standard for stablecoin regulation.

*Impact:* It could increase trust in stablecoins, but may also limit innovation in decentralized projects (DeFi).

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