#USStablecoinBill the US stablecoin bill seeks to establish a regulatory framework for payment stablecoins, defined as digital assets designed to maintain a stable value in relation to a fiat currency. The legislation seeks to clarify that stablecoins are not securities and are not federally insured. It would require issuers to maintain reserves of high-quality liquid assets in a 1:1 ratio and publicly disclose the composition of these reserves monthly, with certifications from financial directors and executives. The bill also defines who can issue payment stablecoins and establishes an approval process for issuers, both banks and non-banks. Deceptive practices and the tying of stablecoin issuance to the purchase of other services are prohibited.