We are seeing the stablecoin market growing and that is drawing more attention. We are now seeing a bill being presented that stablecoins will have to be backed by FDIC. This means those providers are going to have to get that.
It seems like another reason to focus upon HBD.
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What is FDIC?
Federal Deposit Insurance Corp.
It is what is required on all bank deposits. This means stablecoins within the US will have to purchase this on all the tokens they issue to ensure they secured; if the bill becomes law of course.
Posted Using LeoFinance Beta