#USStablecoinBill The USStablecoinBill, also known as the Lummis-Gillibrand Payment Stablecoin Act, aims to establish a regulatory framework for stablecoins in the US. Key provisions include ¹:

- *Stablecoin Issuance*: Only authorized institutions, such as state non-depository trust companies or depository institutions, can issue payment stablecoins.

- *Reserves*: Issuers must maintain 100% reserves backing their stablecoins, limited to US dollars, demand deposits, US Treasury Bills, and repurchase agreements.

- *Redemption*: Issuers must honor customer redemption requests at par value within a day.

- *Disclosure*: Issuers are required to make monthly public disclosures about their reserves and outstanding stablecoins.

- *Regulatory Oversight*: The Federal Reserve, OCC, and state bank supervisors will have enforcement authority over stablecoin issuers.

A competing bill, the GENIUS Act, has also been introduced, which would establish a federal licensing and supervisory framework for payment stablecoins ².