STABLE Act: U.S. Bill Sets Rules for Dollar-backed Stablecoins

The U.S. House Financial Services Committee has adopted the STABLE Act, a legislative initiative aimed at creating a clear framework for dollar-denominated stablecoins. With a vote of 32 to 17, the bill establishes requirements for reserves, compliance with anti-money laundering regulations, and issuer transparency.

This move comes amid growing institutional interest in stablecoins and concerns about the financial risks they may pose. In recent months, the stablecoin market has experienced significant volatility, prompting authorities to seek solutions to mitigate consumer and institutional exposure.

For investors, the regulation could have a mixed impact: on one hand, a clearer legal framework could attract more institutional players; on the other hand, additional requirements might limit innovation and market growth. The next step is the review and vote in the full House of Representatives, where the legislation could undergo essential modifications.