#StablecoinLaw
Stablecoins in the United States aim to regulate digital currencies linked to the value of stable assets, such as the US dollar. This law enhances transparency and stability in the digital market.
*Law Objectives* ¹:
- *Consumer Protection*: The law ensures user protection through disclosure and transparency requirements.
- *Support for Innovation*: The law encourages innovation in the field of digital currencies while maintaining market stability.
- *Enhancing the Global Role of the Dollar*: The law strengthens the dominance of the US dollar in the digital age.
*Key Features of the Law* ¹ ²:
- *Federal Oversight*: The Federal Reserve oversees major stablecoin issuers.
- *Backed Reserves*: Stablecoins must be backed 1:1 by high-quality liquid assets.
- *Monthly Disclosures*: Issuers are required to provide monthly liquidity reports and undergo third-party audits.
*Recent Developments* ²:
- *Passage of the Law in the Senate
