STABLE Act of 2025

This bill creates rules for companies that want to issue stablecoins, which are digital money that's supposed to stay at a fixed value. Only certain types of companies can issue stablecoins - they must be connected to a bank or get special permission from federal or state regulators. These companies must keep enough real money or similar assets to back up each stablecoin they create on a one-to-one basis, and they must tell the public monthly about what assets they're holding. The bill also stops new types of stablecoins that rely on other digital assets for their value for two years, and says that approved stablecoins won't be treated as securities but the companies issuing them must follow anti-money laundering laws.

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