Trump signs stablecoin regulation into law

Donald Trump has signed a new law on stablecoins, finance.mail.ru reported. The legislation regulates the circulation of stablecoins linked to cryptocurrency and recognizes them as part of the official financial system.

Under the law, only licensed financial institutions can issue stablecoins, and they will be supervised by the Federal Reserve System. This aims to reduce the risks associated with the use of crypto assets.

The new regulation is intended to bring greater clarity and trust to the crypto market while encouraging innovative projects. Analysts believe this move could position the U.S. as a global leader in the cryptocurrency sector. Read 'Zamin' on Telegram!