Part 5/10:
The law mandates that stablecoin issuers back their tokens with real assets—such as bonds, cash, or other legitimate financial instruments—ensuring a level of stability and trust previously absent from unbacked cryptocurrencies. This move aims to provide consumer protection and foster widespread adoption, potentially making stablecoins as ubiquitous as debit cards.
A New Model for Transactions
With regulated stablecoins, Americans could experience instant, fee-free transfers, 24/7 banking services, and seamless international transactions that bypass traditional banking hours and foreign wire delays. This infrastructure promises to streamline financial operations, making digital transactions faster and more accessible.