#USStablecoinBill The US Senate's stablecoin legislation, known as the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act, has several key features:

- *Definition of Payment Stablecoins*: Digital assets pegged to a fixed monetary value, used for payment or settlement, and fully backed by high-quality, liquid assets.

- *Reserve Requirements*: Stablecoin issuers must maintain 100% reserve backing with US dollars, short-term Treasuries, or similarly liquid assets.

- *Licensing Procedures*: Issuers must follow formal steps to obtain a license before operating, ensuring compliance with reserve backing and consumer protection standards.