The stablecoin bill has been passed, allowing the issuance of stablecoins backed by fiat assets to be compliant, and prohibiting algorithmic stablecoins (stablecoins backed by illegal fiat assets)

However, in the long run, the most favorable sector is actually algorithmic stablecoins

Whether it's stablecoins backed by the US dollar or other fiat currencies, they are merely a transitional form before fully decentralized stablecoins

Decentralized stablecoins are also just a transitional form in the process of fiatization of native cryptocurrencies