The introduction of the U.S. Stablecoin Act marks an important milestone in the field of digital currency. Recently, both houses of the U.S. Congress passed the 'GENIUS Act' and the 'STABLE Act', which can be summarized by three key words: 'control risks, strengthen the dollar, harvest globally'. This not only reflects America's ambitions in the field of digital currency but may also have far-reaching effects on the global financial order. Below are the details regarding these acts:

1. Background and Purpose of the Acts

​​Background​​: The U.S. Stablecoin Act aims to create the first regulatory framework in U.S. history for issuers of stablecoins. Stablecoins are digital tokens closely tied to assets like the dollar.

​​Purpose​​: By establishing a clear legal framework, the act seeks to ensure the stability and security of the stablecoin market and prevent abuse.

2. Main Provisions

​​Reserve Requirements​​: The act requires stablecoin issuers to hold reserves in cash or cash equivalents equal to the value of their tokens on a 1:1 basis. These reserves may not be pledged or reused and can only be used to meet reasonable redemption demands.

​​Transparency and Disclosure​​: Issuers are required to publicly disclose the composition of reserves and redemption policies on a monthly basis to ensure market transparency.

​​Prohibition of Illegal Uses​​: The act stipulates that stablecoin issuers and users are prohibited from using stablecoins for illegal or unauthorized purposes, such as money laundering.