#StablecoinLaw
Summary of #StablecoinLaw
The Stablecoin Law is a regulatory framework proposed by governments, especially in the United States, to regulate stablecoins such as USDT and USDC, which are typically pegged to the value of the US dollar.
🔹 Main objectives of the law:
Ensure transparency and full reserves of stablecoins.
Impose banking oversight on the issuing companies.
Protect consumers from the risks of collapse or fraud.
🔹 Its impact on the market:
It may enhance investor confidence in stablecoins.
It pushes for broader adoption by banks and institutions.
It may impose restrictions on unlicensed projects.
Overall, this law is seen as a key element in making the cryptocurrency market more stable and regulated, especially after previous collapses such as Terra.