#USStablecoinBill This topic is very vital at the moment, especially after the problems that occurred in recent years with certain stablecoins that lost their peg to the dollar (like what happened with UST).

Let me clarify the heart of the debate around this law:

The U.S. government wants to ensure that any stablecoin pegged to the dollar is fully backed by real reserves (dollars or U.S. Treasury bonds, for example).

The Federal Reserve could become the entity that oversees the issuance of stablecoins, which could limit certain major players in crypto or force them to comply with financial laws.

The stated goal is to protect consumers and reduce risks to the financial system, especially since stablecoins have started to be widely used in financing and trading.