U.S. Government holds gold that is accounted for at 60 times lower than the current market. A new bill proposes revaluation, using the surplus to buy some bitcoins.
With the rebrand complete, two new tokens, $SKY, and $USDS, are set to be introduced, each designed to streamline governance and enhance regulatory compliance of the project.
Despite its interesting concept, the project is entering a crowded stablecoin market and will likely face challenges competing with industry giants such as USDT and USDC.
Despite its interesting concept, the project is entering a crowded stablecoin market and will likely face challenges competing with industry giants such as USDT and USDC.
U.S. Government holds gold that is accounted for at 60 times lower than the current market. A new bill proposes revaluation, using the surplus to buy some bitcoins.
With the rebrand complete, two new tokens, $SKY, and $USDS, are set to be introduced, each designed to streamline governance and enhance regulatory compliance of the project.
At the height of the Cold War, the West Germany Central Bank feared the Soviets would flood their economy with counterfeit banknotes. So, they created a currency that could replace it overnight.
The evolution of stablecoins mirrors that of Wildcat Banking: a period of non-federal regulation over the monetary system in the U.S. during the 19th century.
Despite PayPal’s dominant position in the payments business, its stablecoin project, PYUSD, has stalled. Numerous integrations have not managed to attract users. The company is now subsidizing the stablecoin’s yield on DeFi platforms. Can this become a standard feature of private money?
