<ul><li>The US Senate Banking Committee is set to vote on a stablecoin framework bill on March 13.</li><li>The bill, called Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act, has been updated after consultation with committee Democrats.</li><li>The bill aims to bring issuers of US dollar stablecoins with market caps over $10 billion under Federal Reserve regulations.</li><li>It also imposes higher standards for foreign stablecoin issuers, giving a competitive advantage to US-issued stablecoins like USDC and RLUSD.</li></ul>

US stablecoin bill gets update ahead of Senate banking group vote

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