#StablecoinLaw

The Stablecoin Act in the United States aims 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.

*Objectives of the Law* ¹:

- *Consumer Protection*: The law ensures user protection through disclosure and transparency requirements.

- *Supporting Innovation*: The law encourages innovation in the digital currency space while maintaining market stability.

- *Enhancing the Global Role of the Dollar*: The law reinforces 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*: The US Senate approved the law by a vote of 68 to 30.

- *Moving to the House of Representatives*: The law will be voted on in the House of Representatives in the coming weeks.