[Trump Proposes US "Stablecoin" Bill]
Once again, he wants to use cryptocurrencies to exploit other countries.
Treasury Secretary Vincent Benson spoke on behalf of Trump, saying they would vigorously prepare and promote "stablecoins".
Trump and his team boast that US stablecoins are a category of cryptocurrencies pegged to the US dollar, designed to maintain "price stability" for use in scenarios such as encrypted transactions. Their value is usually backed by dollar reserves or other assets to ensure they can be exchanged at a certain ratio for dollars. The US has recently introduced relevant bills to regulate stablecoins, aiming to standardize their issuance, circulation, and other processes to protect investors' interests and financial stability.
Source: https://www.toutiao.com/article/1829995046536196/
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