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What Is a Stablecoin? Backing, GENIUS Act and Why It Matters
A stablecoin is a digital representation of a dollar, backed 1:1 by cash or U.S. Treasury bills. The GENIUS Act sets clear rules so issuers follow standardized backing and operations. Dan Reecer, Co-Founder of Wormhole Foundation explains more about stablecoins, the GENIUS Act and the infrastructure behind decentralized finance in Episode 4 of ...
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