#USStablecoinBill

The U.S. government is preparing to create a new law to regulate

stablecoins

—a type of cryptocurrency that often maintains a consistent value, such as being equivalent to one dollar.

The name of this law is

Lummis-Gillibrand Payment Stablecoin Act

.

This law will ensure that stablecoins are backed by real money or assets, and they must adhere to strict financial principles.

Its goal is to provide protection to people and increase trust in digital currency. If this law passes, it will help stablecoins grow and make online payments faster, safer, and more reliable. People in the crypto world are keeping a close eye on this.