HR. 2392Introduced
STABLE Act of 2025
Establishes a federal and state regulatory framework for payment stablecoin issuers, reserve backing, disclosure, oversight, and a temporary ban on new endogenously collateralized stablecoins
Plain-English overview
What this bill does
Establishes a federal and state regulatory framework for payment stablecoin issuers, reserve backing, disclosure, oversight, and a temporary ban on new endogenously collateralized stablecoins
Key points
- Establish payment stablecoin framework
- Require one to one reserves
- Require monthly reserve disclosures
- Prohibit new endogenously collateralized stablecoins
Current status
Where it stands
Status
Introduced
Latest action
2025-05-06 — Placed on the Union Calendar, Calendar No. 68.
Related context
Topics and policy areas
undefinedBank accounts, deposits, capitalBanking and financial institutions regulationCivil actions and liabilityComputer security and identity theftComputers and information technologyCongressional oversightConsumer affairs