US’ New ‘TRUST Act’ Brings Dollar-Pegged Stablecoins Under Financial System, Lists Rules

The US is exploring day-to-day use cases of stablecoins, pegged against the US Dollar. A new TRUST Act has been introduced, that regulates relevant stablecoins in a bid to shape-up its transparency and security. Stablecoin issuers will now have to identify themselves in the US, and operate only after securing official licences.