The U.S. Financial Services Committee has just passed the STABLE Act with a vote of 32-17. This bill aims to regulate stablecoins like Tether (USDT) and Circle’s USDC, providing stability and clarity in the digital asset market. Stablecoins must be fully backed by U.S. dollars or short-term government debt. This move is expected to modernize the payment system while protecting consumers.

Chairman French Hill emphasized the importance of innovation with appropriate boundaries. This bill is supported bipartisanly, marking a rare moment in crypto policy. Now, attention turns to the Senate's response as this bill moves toward a full vote in the House. 🚀

Stablecoins could strengthen the global role of the U.S. dollar. With strict regulations, these assets remain connected to the traditional financial system, giving the U.S. a competitive edge without losing control over monetary policy. 💵