#StablecoinLaw

The Stablecoin Law is a regulatory framework for stablecoins in the United States that aims to provide transparency and accountability in the market. Issuers must maintain 1:1 reserves backed by liquid assets, obtain banking licenses, and disclose their reserves monthly. The law could reshape the stablecoin landscape, affecting major players like USDT (Tether). It could also increase demand for U.S. debt securities and reinforce the global dominance of the dollar. The bill has been approved by the House Financial Services Committee and is awaiting a vote in the House of Representatives. The law has the support of some industry leaders but faces controversy over the jurisdiction and regulation of foreign issuers. Its approval could set a precedent for global stablecoin regulation.