Bloomberg

Stablecoins Regulation Looms Large in Bill Before US Congress – Algo Versions Face Ban

The newest iteration of the bill, according to Bloomberg, would make it unlawful to produce or issue new “endogenously collateralized stablecoins,” adding that: Stablecoins that are advertised as having a constant monetary value and that entirely depend on the value of another digital asset created by the same inventor to maintain their fixed price would fall under the criteria. It…