#USStablecoinBill #USStablecoinBill

- The US announces the STABLE stablecoin management bill

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

- According to the draft, only banks, credit unions, and non-bank entities licensed by the US Department of the Treasury are allowed 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 of less than 93 days, or equivalent money market instruments.