US Senate Hearing Recap on Stablecoins
On Dec. 14, 2021, the Senate Banking Committee on Banking, House & Urban Affairs convened a hearing to discuss the advantages and disadvantages of stablecoins. Stablecoins maybe privately issued cryptocurrency or algorithmic or “non-collateralized/decentralized” stablecoins such as DAI, an algorithmic stablecoin issued by MakerDAO. Stablecoins differ from other cryptocurrencies because their value is linked to government-issued…
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