The stablecoin bill marks the first significant crypto legislation of 2023.
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Stablecoins Blockfi latest news, images, analysis about Jun 13, 2024 · What Are Stablecoins? Stablecoins are cryptocurrencies whose value is pegged, or tied, to that of another currency, commodity, or financial instrument.
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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.
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The crypto lending company plans to use the money from the sale to get cash and keep its business going.
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