According to media reports, American banks, with the support of The Clearing House and Early Warning Services (Zelle operator), are negotiating the launch of a single stablecoin fully backed by dollars or liquid assets.
The reason is a new bill recently approved by the US Senate. It requires issuers to:
- 100% of the reserve collateral;
- mandatory annual audit for projects with capitalization above $50 billion.
The fate of the project depends on the position of regulators, but the interest from banks and fintech is already obvious.
Similar steps are being taken outside the United States — for example, Hong Kong has already adopted its own stablecoin law.
