#USStablecoinBill

The bill will allow all issuers with a value of less than 10 billion US dollars to join a government regulatory system. It is expected to place the subsidiaries of IDI institutions, specialized in stablecoins, outside the jurisdiction of their main federal regulatory bodies, except for the requirement to submit an application. Any state-approved IDI issuer that exceeds a value of 10 billion US dollars will be required to transition to the jurisdiction of the relevant federal regulatory body, which will be managed jointly. In contrast, it appears that non-bank institutions and subsidiaries of nationally chartered banks that exceed this threshold are required to transition to the federal system, which is exclusively managed by government regulatory bodies.