A big worry is that the company hasn't said what it will do with the money from selling stablecoins.
Eco Crypto Funding
Eco Crypto Funding latest news, images, analysis about Eco puts your money back to work for you. We’re not a bank, checking account, or credit card — we’re building something better than all of those combined. With Eco, you earn up to 5% annually on your deposits and get 5% cash back on spending at Amazon, Uber, and more. Plus, soon: pay bills, pay friends, and much m… 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.113
On Monday, Senator Andrew Bragg unveiled a draft bill that would control cryptocurrency exchanges, stablecoins, and the virtual currency known as the yuan.70
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