#USStablecoinBill

The stablecoin bill is known as a legislation that seeks to establish a regulatory framework for stablecoins, which are digital assets designed to maintain a stable value, generally backed 1:1 by fiat currencies like the US dollar or high-quality liquid assets.

Key points of recent bills in the U.S. (such as the GENIUS Act):

They define "payment stablecoin" as a digital asset used for payments or settlements, whose value is pegged to a fiat currency or safe reserves.

Only authorized issuers can create payment stablecoins; issuers with more than $10 billion in capitalization must be federally regulated, while smaller ones may opt for state regulation if they meet certain federal standards.

They impose strict reserve requirements, segregation of funds, monthly certifications, and limitations on the use of backing assets.

They establish oversight, examination, and sanctioning procedures for issuers, similar to those applied to traditional banks.