According to CoinDesk, on July 27, the U.S. H.R. 4766 (2023 Payment Stablecoin Clarity Act) passed in a bipartisan vote and is now being submitted to the House of Representatives for deliberation. This means that after years of inaction, the United States now faces a historic opportunity to expand the coverage of the U.S. dollar and financial services. Although stablecoins were born in 2014, the regulation of stablecoins by U.S. federal regulators has remained unclear to date. In the absence of clear U.S. regulation of stablecoins, the international stablecoin market has grown from zero to more than $100 billion in less than a decade. The H.R. 4766 bill will bring key decisions to the United States in terms of national security and financial stability. If H.R. 4766 is passed, the United States will have the best regulatory framework in the world. Stablecoins will receive federal recognition, and smaller projects can be regulated at the state level for trial purposes, but larger projects will eventually be brought under federal regulators.