A big worry is that the company hasn't said what it will do with the money from selling stablecoins.
Coin Is latest news, images, analysis about A coin is a small, flat, (usually depending on the country or value) round piece of metal or plastic used primarily as a medium of exchange or legal tender. They are standardized in weight, and produced in large quantities at a mint in order to facilitate trade. They are most often issued by a government. … See more
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According to reports, 'endogenously collateralized stablecoins,' which rely on the value of an attached cryptocurrency from the same inventor to maintain a stable price, will be covered by the definition of the bill.85
On Monday, Senator Andrew Bragg unveiled a draft bill that would control cryptocurrency exchanges, stablecoins, and the virtual currency known as the yuan.55
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