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

    • Post author:MiamiCrypto
    • Post published:September 21, 2022
    • Post category:algorithmic Stablecoins/Crypto/crypto laws/draft bill/house of reps/Legislation/stablecoin regulation/SUSD/Terra/United States/US/US Dollar/UST/Virtual Currency/virtual dollar

    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.

    Continue ReadingDraft US stablecoin bill would ban new algo stablecoins for 2 years
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