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.
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