#USStablecoinBill

The US stablecoin bill, particularly the GENIUS Act, aims to establish a federal regulatory framework for payment stablecoins.

It defines these as digital assets pegged to a fixed monetary value, like the US dollar, and mandates issuers to maintain reserves matching the outstanding stablecoins.

The bill proposes both federal and state regulatory paths for issuers, depending on their size, with larger issuers potentially overseen by the Federal Reserve or the OCC.