#USStablecoinBill

The U.S. Stablecoin Bill aims to establish a regulatory framework for the issuance and oversight of stablecoins—digital assets pegged to fiat currencies like the U.S. dollar. Under the bill, stablecoin issuers must be licensed, maintain 1:1 reserves, and undergo regular audits to ensure transparency and financial stability. The Federal Reserve would oversee non-bank issuers, while state regulators may retain authority over state-chartered firms. The bill seeks to prevent systemic risks, protect consumers, and foster innovation in digital finance. It also includes anti-money laundering and cybersecurity provisions. The legislation marks a step toward integrating digital assets into the traditional financial system.