#USStablecoinBill The U.S. Stablecoin Bill, also known as the Payment Stablecoin Clarification Act (H.R. 4766), aims to establish regulatory clarity for stablecoins in the United States. Here are some key aspects¹:

- *Definition*: The bill defines payment stablecoins as digital assets pegged to a fiat currency.

- *Regulatory Framework*: It proposes a framework for the issuance and redemption of stablecoins, including requirements for reserve assets and transparency.

- *Reserve Requirements*: Stablecoin issuers would need to maintain sufficient reserves to back their coins.

- *Disclosure Requirements*: Issuers would be required to disclose information about their reserves and financial condition.

- *Federal and State Oversight*: The bill outlines roles for both federal and state regulators in overseeing stablecoin issuers.

*Key Provisions:*

- *Exemptions*: Certain entities, such as non-profit organizations, may be exempt from some requirements.

- *Collaboration*: The bill encourages collaboration between regulators, stablecoin issuers, and other stakeholders.

*Status:*

- *Introduced*: The bill was introduced in the House of Representatives in 2023.

- *Pending*: It is currently pending review and markup.

The progress of the bill and its potential impact on the stablecoin market are being closely monitored by industry stakeholders and regulators.