#us-treasuries

#us-treasuries

The Act requires licensed stablecoin issuers to hold liquid reserves such as cash and U.S. Treasuries, publish monthly disclosures, and submit to federal or state supervision. At the same time, Congress shelved a federal central bank digital currency. Supporters saw this as a victory for innovation, but critics called it a quiet federalization of private money. The United States no longer needs to issue its own digital dollar. It has simply delegated that function to private issuers operating under oversight.

"The sell-off in US Treasuries has raised fears that investors' long term confidence in the US economy is waning, prompting concern among economists about financial stability."