Developers of the fast-growing stablecoin UST say the coin’s $1 value peg isn’t “backed” by anything – just a blockchain-based algorithm. So why does it need a multibillion-dollar bitcoin reserve, in case of an emergency? How would that work?
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SEC holds meetings with BlackRock, Crypto Council to discuss crypto ETF rules
The US Securities and Exchange Commission’s (SEC) Crypto Task Force held separate meetings on April 1 with representatives from BlackRock...