The March 26 bill imposes strict reserve standards on stablecoin issuers, requiring full backing by cash-equivalent assets such as Treasury bills or demand deposits.
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House introduces revised stablecoin legislation with compliance measures and developer protection
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The Stablecoin Transparency and Accountability for a Better Ledger Economy (STABLE) Act aims to create a framework for payment stablecoin issuance, regulate payment stablecoins through new compliance mechanisms and expand oversight, increase safety by reserve requirements and clarify definitions to reduce ambiguity
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The Stablecoin Transparency and Accountability for a Better Ledger Economy (STABLE) Act's March 26 version requires stablecoin issuers to fully back their tokens with cash-equivalent reserves such as Treasury bills or demand deposits
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