Draft US stablecoin bill would ban new algo stablecoins for 2 years

It’s reported the bills’ definition will cover “endogenously collateralized stablecoins,” which depend on the value of an attached cryptocurrency from the same creator for it to maintain a stable price.

Post from: Cointelegraph.com News

Tags: draft bill, crypto, stablecoin regulation, algorithmic stablecoins, legislation, crypto laws, united states, US, terra, UST, susd, virtual currency, virtual dollar, us dollar, house of reps

Read More