<ul><li>The US House Financial Services Committee has passed the Stablecoin Transparency and Accountability for a Better Ledger Economy (STABLE) Act.</li><li>The bill aims to regulate payment stablecoins, ensuring issuers provide information about their business and how they back their tokens.</li><li>The bill will now go to the House floor for a full vote.</li><li>Another stablecoin-related bill, the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act, is also making its way through Congress.</li></ul>

US House committee passes stablecoin-regulating STABLE Act

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