The #USStablecoinBill could change everything. If passed, it will finally put guardrails on how stablecoins like USDT and USDC are issued and backed. Only approved entities would be allowed to create stablecoins—and they must hold real, fully-backed reserves (not magic or algorithms).
It also proposes a temporary ban on algorithmic stablecoins like the failed $UST, which crashed the market back in 2022. The goal? More transparency, fewer rug pulls, and better protection for users.
But not everyone loves the idea—some say it’s the end of decentralization. Either way, regulation is here. The only question is: who will survive it?