#USStablecoinBill

The proposed **#USStablecoinBill** aims to establish a federal regulatory framework for stablecoins, ensuring they are securely backed by reserves and minimizing systemic risks. Key provisions mandate 1:1 asset backing (e.g., cash or cash equivalents), routine audits, and oversight by entities like the Federal Reserve or OCC. Bipartisan supporters argue it will bolster consumer protection, prevent crises akin to TerraUSD’s collapse, and solidify the U.S. as a leader in digital finance. Critics caution overly strict rules might stifle innovation or drive firms offshore. Balancing security with flexibility, the bill seeks to legitimize stablecoins while addressing their role in evolving financial systems.