Does the U.S. Stablecoin Bill Benefit the Stablecoin USTC?

On July 18, 2025, local time, U.S. President Trump signed the "Guidance and Establishment of the U.S. Stablecoin National Innovation Act," which primarily targets compliant, dollar-pegged payment stablecoins, imposing strict requirements on issuers and reserve assets. The legislation stipulates that only three types of entities are allowed to issue payment stablecoins: subsidiaries of banks or credit unions, non-bank financial institutions approved by federal regulators, and others; and the issuer must hold at least one dollar of compliant reserves for every one dollar of stablecoin issued, with compliant reserves limited to cash in dollars, insured bank deposits, short-term government bonds, and so on.

USTC, being an algorithmic stablecoin, saw its price surge in response to this favorable news after the announcement of U.S. stablecoin regulations. As of July 18, 2025, its 24-hour increase was 19%, and its market performance and inherent attributes are expected to benefit from the support and regulation provided by U.S. stablecoin legislation, leading to further increases in its market capitalization.