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.
The consumer electronics company, which has been on The Hedera Governing Council since 2020, is using a platform built on the Hedera network to bring NFTs to TV screens.
Beanstalk Farms' stablecoin protocol was relaunched on Saturday, and the team is working to try to get back the $100 million market cap that its BEAN stablecoin had before it was hacked in April.
The search for the ideal 'stand-in' for the US dollar continues. The crash of UST, however, implies that algo stables are 'inherently weak.'