#StablecoinLaw the U.S. Stablecoin Law is a necessary, though not perfect, step.
✅ The Good
For the first time, a serious and clear legal framework is established regarding how stablecoins should operate. This increases public and institutional investor confidence, who until now viewed many of these coins as "lawless land."
Requiring 1:1 backing protects the user and reduces systemic risk. It prevents disasters like that of Terra/LUNA, which wiped out billions in wealth.
Mandatory audits improve transparency and separate serious projects from those that are not.