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Lawmakers are set to move first with a bill on stablecoins and then tackle a more comprehensive bill on market structure for crypto. Earlier Tuesday Senators Bill Hagerty (R-Tenn.), Kirsten ...
Stablecoins are increasingly being taken seriously as a potential part of the U.S. financial system, though how the digital assets should be regulated is still being debated by officials and ...
Here’s how stablecoins work, what risks they present and how to check if a stablecoin is safe.
Seigniorage-style coins, also known as algorithmic stablecoins, utilize algorithms to control the stablecoin's money supply, similar to a central bank's approach to printing and destroying currency. Seigniorage-based stablecoins are a less popular form of stablecoin.
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Stablecoins could be facing rules akin to those that govern money-market funds, as well as new banking rules, as U.S. regulatory agencies step up scrutiny of these digital currencies.
USD Coin (USDC) is a cryptocurrency stablecoin which is issued by Circle. It is pegged to the United States dollar , and is distinct from a central bank digital currency (CBDC). [ 1 ]