#USStablecoinBill The US Stablecoin Bill, also known as the Lummis-Gillibrand Payment Stablecoin Act, aims to regulate stablecoins in the United States. Key provisions include ¹:

- *Stablecoin Issuance*: Only state non-depository trust companies or depository institutions can issue payment stablecoins in the US.

- *Reserve Requirements*: Issuers must maintain 100% reserves in US dollars, demand deposits, or certain US Treasury Bills.

- *Algorithmic Stablecoins*: Algorithmic payment stablecoins are prohibited due to risks highlighted by the Terra-LUNA collapse.

- *Disclosure and Compliance*: Issuers must provide monthly disclosures and comply with anti-money laundering and customer privacy standards.

- *Regulatory Oversight*: The Federal Reserve, OCC, and state bank supervisors will oversee stablecoin issuers.