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A bill to regulate stablecoin in the United States has been passed by the US House Financial Services Committee. On April 2, the Committee approved the Stablecoin Transparency and Accountability for a Better Ledger Economy Act in a 32-17 vote . It will now head to a full House vote. The bill, backed by Republican lawmakers, aims to bring clarity and structure to the stablecoin market housing USD-pegged stablecoins like USDT and USDC. Introduced by Financial Services Committee Chairman French Hill and Digital Assets, Financial Technology, and Artificial Intelligence Subcommittee Chairman Bryan Steil, the STABLE Act lays out a dedicated regulatory framework for payment stablecoins, setting clear rules for how issuers operate and back their tokens. It focuses on boosting consumer protections, ensuring transparency from issuers, and strengthening the role of the US dollar in digital finance. Issuers would need to disclose how their tokens are backed and ensure sufficient dollar-equivalent assets are held to support the circulating supply. Other Key provisions include mandating strong consumer protection measures to reduce risk and enhancing trust in stablecoin use for everyday payments. The bill will also modernise the U.S. payment infrastructure, supporting faster, more cost-effective transactions while maintaining space for innovation. Supporters say the legislation will help the US maintain its edge in digital asset development. According to Congressman Dan Meuser, the bill would reinforce the dollar’s position as the world’s reserve currency by keeping stablecoins within a “secure, dollar-backed system.” “It will make payments faster, cheaper, and more accessible, reducing costs to the benefit of businesses and consumers alike. President Donald Trump promised to make America the crypto capital of the world, and the STABLE Act is the first step in delivering on that promise,” he said in an April 2 X post . Meanwhile, Congressman Troy Downing added the legislation would “allow for innovation to continue to thrive in the U.S. while maintaining important consumer protections.” With stablecoins gaining ground , the current administration has pushed for clear regulation, something Trump’s crypto czar David Sacks says is vital for strengthening the dollar’s global leadership. Congress is also looking at another stablecoin bill, the GENIUS Act , introduced by Senator Bill Hagerty. It aims to set up a federal framework for regulating stablecoin issuers across the board. The bill lays out clear rules around reserves, audits, transparency, and licensing. It recently cleared the Senate Banking Committee with an 18-6 vote .

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What are Gold-Backed Stablecoins? These are digital assets designed to have their value tied to the price of gold.   The idea is to combine the stability of gold with the efficiency and accessibility of cryptocurrencies.   Each token typically represents a specific amount of physical gold, which is held in reserve by the issuing company Examples: Tether Gold (XAUT): This is one of the more well-known gold-backed stablecoins.   Each XAUT token represents one troy ounce of fine gold stored in vaults in Switzerland. Paxos Gold (PAXG): Similar to XAUT, PAXG is also designed to represent one troy ounce of London Good Delivery gold bar.   The gold is held in vaults, and Paxos is a regulated trust company.   Kinesis Gold (KAU): This crypto currency is backed by one gram of fine gold.   Kinesis emphasizes the ability to use KAU as a form of spendable money. Key Considerations: Verification of Reserves: It's crucial to ensure that the issuing company provides transparent and verifiable audits of their gold reserves. Regulation: The regulatory landscape for stablecoins, including gold-backed ones, is evolving, so it's important to be aware of the applicable regulations.   Security: As with any cryptocurrency, security is a concern. You should use reputable wallets and exchanges. Gold-backed stablecoins aim to offer a less volatile alternative to traditional cryptocurrencies, providing a digital way to own and trade gold note : One troy ounce = (approx.) 31.103 grams. disclaimer : don't agree with me do your investment at your own research and risk.