#USStablecoinBill US announces the STABLE stablecoin management bill

- After nearly 3 years of 'freezing' since the first leaked version in 2022, the US Congress has finally officially announced the full draft of the STABLE Act 2025, officially titled 'Stablecoin Transparency and Accountability for a Better Ledger Economy Act'.

- According to the draft content, only banks, credit unions, and non-bank organizations licensed by the US Department of the Treasury are permitted to issue stablecoins. In addition, all legal stablecoins must be backed 1:1 by extremely safe and highly liquid assets such as cash, US Treasury bills with maturities under 93 days, or equivalent money market instruments.

- The Act also strictly prohibits the issuance of interest-bearing stablecoins for users, which has previously caused many types of stablecoins to be classified as securities and imposes penalties on any organization that violates it, with fines potentially reaching up to 100,000 USD per day.

- Another noteworthy point is the possibility for states in the US to propose and implement their own regulatory mechanisms for stablecoins, as long as those regulations are as strict as or stricter than federal standards. This opens up opportunities for states with a crypto-friendly stance, such as Wyoming or Florida, to potentially become centers for stablecoin issuance in the future, if they can pass the certification process from the federal Department of the Treasury.