#MarketPullback 🔸 What is the U.S. Stablecoin Bill?

"The digital dollar revolution starts here!"

🔹The U.S. Stablecoin Bill (in its 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 tied 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?

"To keep the dollar as 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 may be economic risks or even financial threats.

🔸 What does the law stipulate?

"New rules for the digital currency game!"

🔹The law calls for establishing a clear regulatory framework that includes:

Monitoring entities that issue stablecoins

Ensuring that each stablecoin is actually backed by the dollar

Imposing specific licenses on institutions