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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Louisiana continues pro-crypto push with option to pay state agencies in Bitcoin, USDC
Louisiana has implemented a new option for residents to make payments to state agencies using Bitcoin and Circle’s stablecoin USDC,...