#StablecoinLaw
📜 U.S. Stablecoin Law – Full Summary & Global Impact 🌍
The U.S. Stablecoin Regulation Bill aims to establish clear rules for the issuance and use of stablecoins, ensuring financial stability and investor protection. It mandates that only licensed entities (such as banks or approved nonbanks) can issue stablecoins, and they must be 100% backed by fiat reserves like U.S. dollars or Treasuries. It also introduces strict oversight by federal and state regulators, and places a ban or limitation on algorithmic stablecoins. This law enhances trust and reduces risks of collapse like TerraUSD.
🌐 Global Impact:
This move by the U.S. sets a regulatory benchmark that may influence other nations. It pressures countries like India, where crypto regulations are still evolving, to speed up policymaking and clarify how stablecoins will be treated. As Indian startups and exchanges deal with RBI’s cautious stance, this law could push for balanced innovation and regulation globally — fostering a safer, more connected digital economy. $BTC
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