**US Stablecoin Bill: Shaping the Future of Digital Currency**
The US Stablecoin Bill, advancing through Congress as the GENIUS and STABLE Acts, aims to establish a federal regulatory framework for dollar-pegged stablecoins. Requiring issuers to maintain 1:1 reserves with high-quality assets like US Treasuries, the legislation ensures stability and consumer protection. It bans algorithmic stablecoins and imposes strict oversight, addressing illicit finance concerns. Bipartisan support signals potential passage by mid-2025, reinforcing US dollar dominance. Critics warn of Big Tech's potential to dominate, urging stronger safeguards. This bill could legitimize stablecoins, fostering innovation while mitigating risks in the $230 billion market.
