Establishes regulatory framework for payment stablecoins in the U.S.

The STABLE Act of 2025 sets forth a regulatory framework for payment stablecoins, defining permissible issuers and their obligations. It mandates that only approved entities can issue payment stablecoins, with reserves backing these stablecoins on a 1-to-1 basis. It prohibits non-approved entities from issuing or offering these stablecoins. The Act also outlines procedures for State regulators to certify their regimes and for Federal regulators to review and approve applications.

Establishes regulatory framework for payment stablecoins in the U.S.

The STABLE Act of 2025 sets forth a regulatory framework for payment stablecoins, defining permissible issuers and their obligations. It mandates that only approved entities can issue payment stablecoins, with reserves backing these stablecoins on a 1-to-1 basis. It prohibits non-approved entities from issuing or offering these stablecoins. The Act also outlines procedures for State regulators to certify their regimes and for Federal regulators to review and approve applications.