#StablecoinLaw $BTC $BNB $SHIB

Stablecoins are digital currencies pegged to the value of stable assets such as the US dollar or gold, aimed at reducing price volatility. Some of the most famous examples are:

USDT (Tether)

USDC (USD Coin)

DAI (backed by crypto through smart contracts)

...

In 2023, the US Congress proposed the "Stablecoin TRUST Act" which requires issuers to:

maintain a 1:1 reserve of assets.

obtain a banking license.

be subject to oversight by federal institutions such as the OCC or the Federal Reserve.