RE: US Stablecoin Legislation until August?
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It's to do with US govt debt.
Stablecoins purchase Treasuries to maintain the peg to the dollar. As the Chinese reduce their purchases of Treasuries, the Trump administration has decided the stablecoin community will fill that void.
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Yep, for sure. I think I read Tether was the 7th largest holder of US Treasuries. So yes, they want to grow the stablecoin industry.