Lot of people discussing #USStablecoinBill

Here is all you need to know

1 - The STABLE Act in the House and the GENIUS Act in the Senate both set out to bring stablecoins under U.S. law by creating clear rules for issuers

2 - Only banks and approved non‑bank companies can mint stablecoins after getting a license

3 - Every stablecoin must be backed 1:1 by safe assets (like cash or U.S. Treasuries), and issuers must prove this regularly with audits or attestations

4 - Users will have to verify their identity before transacting, and transactions are monitored to stop money laundering

Why it can be good (bullish):

Clear rules build trust, so big investors and banks feel safer using and holding stablecoins, which could boost adoption and market size

Why it can be bad (bearish):

More rules mean higher compliance costs (licenses, audits), which could raise fees, squeeze out small projects, and slow down new stablecoin ideas