#USStablecoinBill 🔸 What is the American Stablecoin Bill?

"The digital dollar revolution starts here!"

🔹The American Stablecoin Bill (in its two versions: GENIUS Act and STABLE Act) is a new legislative initiative introduced by members of the U.S. Senate and House of Representatives. It aims to regulate digital currencies that are pegged to the U.S. dollar (such as USDT and USDC), to ensure they are safe and subject to legal oversight.

🔸Why was this bill proposed?

"So the dollar remains king!"

🔹The primary goal of the bill is to protect the stability of digital markets and ensure the continued dominance of the U.S. dollar globally. Stablecoins have become widely used in digital transactions, and in the absence of clear regulation, there could be economic risks or even financial threats.

🔸 What does the law stipulate?

"New rules for the digital currency game!"

🔹The law calls for the establishment of a clear regulatory framework that includes:

Monitoring the entities that issue stablecoins

Ensuring that each stablecoin is actually backed by the dollar

Imposing specific licenses on institutions