The US recently passed legislation regarding stablecoins. If I understand correctly, they now need to be backed 1:1 by the US dollar or a “low-risk asset”. The latter seems dubious to me, but I’m curious to see what will come of 1:1 dollar pegged coins if the US government is throwing its weight around to support the concept…
I can’t believe I’m seriously entertaining the idea of using cryptocurrency, but here we are in 2025… -.-
The US recently passed legislation regarding stablecoins. If I understand correctly, they now need to be backed 1:1 by the US dollar or a “low-risk asset”. The latter seems dubious to me, but I’m curious to see what will come of 1:1 dollar pegged coins if the US government is throwing its weight around to support the concept…
I can’t believe I’m seriously entertaining the idea of using cryptocurrency, but here we are in 2025… -.-