#USStablecoinBill "US Stablecoin Bill" — This is a proposed or drafted piece of legislation in the United States aimed at regulating the stablecoin (stable cryptocurrencies) market.
A stablecoin is a cryptocurrency whose value is typically pegged to the US dollar (or another fiat currency) (e.g., USDT, USDC).
The US Stablecoin Bill generally includes the following:
1. Licensing requirements for stablecoin issuers — Not everyone can issue stablecoins; a permit will be required.
2. Transparency of reserve assets — It must be proven that there are real dollars (or assets) backing each issued stablecoin.
3. Oversight at the federal and state levels — The US government and/or the Central Bank will oversee stablecoins.
4. Consumer protection — Protecting users from fraud and risky tokens.