Maxine Waters’ 2025 stablecoin regulation proposal requires stablecoin issuers to maintain a one-to-one reserve backing

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A key requirement in the bill is that stablecoin issuers must maintain reserves equal to the amount of stablecoins issued, ensuring financial stability.

Stablecoin issuers that are registered also would have reporting requirements and would be required to have reserves back 'on an at least one-to-one basis,' according to the draft legislation.