$SUI The U.S. Stablecoin Law is a necessary step, albeit not perfect.

✅ The Good

For the first time, a serious and clear legal framework is established regarding how stablecoins should operate. This increases public and institutional investor confidence, who until now viewed many of these coins as 'lawless land'.

Requiring 1:1 backing protects the user and reduces systemic risk. It prevents disasters like the Terra/LUNA collapse, which erased billions in wealth.

Mandatory audits improve transparency and separate serious projects from those that are not.

⚠️ The Complicated

The total ban on algorithmic stablecoins may hinder innovation in decentralized models, some of which aim to rely less on the traditional banking system.

There is a risk that only large players (like PayPal, Circle, or banks) will be able to meet these requirements, leaving out smaller projects that may have had good ideas but lack the financial muscle.

🎯 Opinion

I believe this law professionalizes the market and was inevitable if we want crypto to scale globally. But it also reminds us that the dream of decentralization will have to coexist with regulation, or find more resilient and creative ways to avoid disappearing.