Crypto
New Draft Bill Mandates Stablecoins be 100% Backed by Reserves
The legislation is considered as "the most comprehensive and well-thought-out stablecoin" bill to date.
BTC$63,906.00+0.62%
ETH$1,842.42-0.45%
USDT$0.9993+0.02%
USDC$0.9999+0.00%
XRP$1.09-0.20%
SOL$75.04-0.18%
TRX$0.322+0.09%
FIGR_HELOC$1.03+0.65%
HYPE$59.30-1.21%
DOGE$0.0725+0.20%
USDS$0.99980.00%
RAIN$0.0141-2.27%
ZEC$543.61+1.28%
LEO$9.80-0.24%
WBT$55.73+0.43%
BTC$63,906.00+0.62%
ETH$1,842.42-0.45%
USDT$0.9993+0.02%
USDC$0.9999+0.00%
XRP$1.09-0.20%
SOL$75.04-0.18%
TRX$0.322+0.09%
FIGR_HELOC$1.03+0.65%
HYPE$59.30-1.21%
DOGE$0.0725+0.20%
USDS$0.99980.00%
RAIN$0.0141-2.27%
ZEC$543.61+1.28%
LEO$9.80-0.24%
WBT$55.73+0.43%
In its most recent reserves report, Tether pledged to further reduce commercial paper as part of its reserves.
The legislation is considered as "the most comprehensive and well-thought-out stablecoin" bill to date.
USD Coin flips Tether dominance, but only on prohibitively expensive Ethereum.