Trump Signs Stablecoin Regulation Bill: Is a "New Order" for Cryptocurrency Here?

Former U.S. President Trump has signed a landmark stablecoin regulation bill, marking the first comprehensive federal regulatory framework for stablecoins in the U.S. and signaling a new phase in cryptocurrency regulation.

What is cryptocurrency? Simply put, it is the "cash" of the digital world, such as Bitcoin and Ethereum. They are not issued by banks or governments and rely on blockchain technology to record transactions. However, their value often resembles a "roller coaster"—sharp rises and falls are the norm.

What is special about stablecoins? Stablecoins are also cryptocurrencies, but their value is pegged to real-world assets (like the U.S. dollar), such as USDT and USDC. One stablecoin theoretically equals one dollar, with very little volatility. They act like a "stabilizing force" in the crypto world, making transactions and remittances more stable and efficient, serving as a bridge between traditional finance and the crypto world.

What does the new bill mean?

1. Clear regulatory jurisdiction: Issuers of stablecoins must obtain state or federal licenses, undergo strict scrutiny, and ensure user funds are secure.

2. Requirement for transparent reserves: Issuers must hold sufficient, highly liquid assets (like cash or government bonds) to support the value of stablecoins and undergo regular audits.

3. Prevention of financial risks: Aimed at curbing fraud and preventing a repeat of events like the Terra/Luna stablecoin collapse (which resulted in over $40 billion in losses in 2022).

Why is this important now? With elections approaching, Trump's move is seen as a crucial step to gain support from cryptocurrency advocates. At the same time, global regulators are accelerating the development of rules, and this U.S. action could become a "barometer" for global stablecoin regulation. What impact will it have on ordinary people? The future use of stablecoins may be safer and more convenient, with cross-border remittances potentially becoming cheaper and faster. However, stricter regulations may also affect the flexibility of some services. The "wild growth" era of cryptocurrencies is transitioning to a new phase of "rule-based protection." #加密立法新纪元