#StablecoinLaw President Trump signed it on July 20, requiring all payment stablecoins to be 100% backed with liquid reserves (USD or short-term Treasuries) and subject to monthly public disclosures and independent audits .

Only approved issuers—bank-affiliated entities or compliant non-banks—can issue stablecoins. Foreign issuers must also comply with U.S. regulations to operate here .

The law takes effect either in 18 months or 120 days after final rules, with a phase-in period granting digital asset services three years to comply .