#USStablecoinBill The US stablecoin bill seeks to establish a regulatory framework for payment stablecoins, defined as digital assets designed to maintain a stable value relative to a fiat currency. The legislation aims to clarify that stablecoins are not securities and are not federally insured. It would require issuers to maintain reserves of high-quality liquid assets at a 1:1 ratio and disclose the composition of these reserves publicly on a monthly basis, with certifications from chief financial officers and executives. The bill also defines who can issue payment stablecoins and establishes an approval process for issuers, both banks and non-banks. Deceptive practices and tying the issuance of stablecoins to the purchase of other services are prohibited.