HR. 2392Introduced

STABLE Act of 2025

Plain-English overview

What this bill does

Establishes a federal and state regulatory framework for payment stablecoin issuers, reserve backing, disclosure, oversight, and a temporary ban on new endogenously collateralized stablecoins

Key points
  • Establish payment stablecoin framework
  • Require one to one reserves
  • Require monthly reserve disclosures
  • Prohibit new endogenously collateralized stablecoins
Current status

Where it stands

Status
Introduced
Latest action
2025-05-06 — Placed on the Union Calendar, Calendar No. 68.
Related context

Topics and policy areas

Select a topic to continue exploring related legislation, members, and committees.

Bank accounts, deposits, capitalBanking and financial institutions regulationCivil actions and liabilityComputer security and identity theftComputers and information technologyCongressional oversightConsumer affairsCurrency
Discovery signals

About these signals

Methodology

Impact and Momentum are relative discovery aids calculated by Legislation Lemur. They help you scan the congressional record; they are not predictions, endorsements, ideological ratings, or measures of policy importance.

Impact ScoreOverall observed legislative footprint and accumulated activity.
MomentumHow recently active or changing the bill appears in available data.
Full Text (PDF)Amendments
View on Congress.gov