#USStablecoinBill The issuance of stable payment coins can only be carried out by an institution that has the appropriate license (federal or issued by the state).

State regulators will oversee issuers within their states, but federal oversight will apply with the widespread use of stable coins.

Issuers must hold 100% of reserves in safe and liquid assets, such as U.S. Treasury bonds or cash.

Using reserves for collateral or reuse is prohibited, except when necessary to ensure liquidity.