The Coin Rise
2022-09-21 07:11:47

A new proposed bill would ban algo stablecoins for 2 years

New algorithmic stablecoins, like TerraClassicUSD (USTC) which de-pegged from the US dollar, would be prohibited for two years under a proposed bill in the United States House of Representatives. Draft Bill would give 2 years to existing stabelcoins for modifications According to a recent draft bill obtained by Bloomberg, the creation or issuance of new […]The post A new proposed bill would ban algo stablecoins for 2 years appeared first on Blockchain, Crypto and Stock News.

Get Crypto Newsletter
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.