stablecoin

Trump-Backed USD1 Stablecoin Chosen to Back MGX’s $2 Billion Binance Stake Deal: Report

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Trump-Backed USD1 Stablecoin Chosen to Back MGX’s $2 Billion Binance Stake Deal: Report

The USD1 stablecoin, backed by US President Donald Trump, has been picked as the mode of payment for MGX’s purchase of a minority stake in Binance. The development was reportedly announced by Trump’s 41-year-old son, Eric, at the ongoing Token2049 event in Dubai. Addressing the attendees on Thursday, May 1, Trump claimed that the USD1 … Read more

US Stablecoin Regulation Bill Nears Final Approval from House Committee: Key Details

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US Stablecoin Regulation Bill Nears Final Approval from House Committee: Key Details

The US is looking to regulate its stablecoin market with comprehensive guidelines. This week, the US House Financial Services Committee passed the proposed stablecoin bill – pushing it to the House floor for a full vote. The committee’s Digital Assets Subcommittee reportedly worked with Tether to draft these regulations, media reports claim. Tether is the … Read more