#USStablecoinBill #USStablecoinBill Main Points of the US Stablecoin Bill:Definition of Stablecoin: A stablecoin is defined as a digital asset used for payments or settlement of transactions, with a stable value relative to the US dollar. Examples include USDT (Tether) and USDC (Circle).Purpose of Legislation:Enhancing Innovation: Providing regulatory clarity to encourage innovation in the crypto sector while maintaining the dominance of the US dollar as the global currency.Protecting Consumers: Ensuring that stablecoin issuers have full reserves (1:1) in high-quality liquid assets, such as US dollars or Treasury Bills, to guarantee the redemption of stablecoins.Preventing Systemic Risk: Addressing concerns about financial stability, as demonstrated by the collapse of Terra-LUNA, by banning algorithmic stablecoins that are not backed by real reserves.