And in particular, making sure that if individuals are engaged in stablecoin transactions, that they can have a high level of confidence that those stablecoins are truly stable. And so Putting forward a regulatory framework to make sure that stablecoins are backed on a one for one basis by the US dollar. making sure that there's an audible trail and putting that regulatory certainty, I think really opens us up to really significant innovation and development in the stablecoin space. (04:06–04:14)
CLAIM
Asserts that the Stable act proposes stablecoins be backed one-to-one by the U.S. Dollar.
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