1. Stablecoin Act: Promoting Transparency and Trust
The Stablecoin Act seeks to establish a clear regulatory framework for stablecoins, such as Tether (USDT) and USD Coin (USDC), which are digital assets designed to maintain a stable value, generally pegged to the US dollar.
What does this mean?
Currently, stablecoins operate largely without a clear regulatory framework, leading to
uncertainty
in the markets. With proper regulation, the