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#
Hashtag
#StabilityMechanism
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Allison Moon 🌙 🍁
Allison Moon 🌙 🍁
@shewandersferal.bsky.social
1 day ago
Europe BANS US Dollar Stablecoins - Germany/Italy Propose Block, $260B Market Shut Out
Europe BANS US Dollar Stablecoins - Germany/Italy Propose Block, $260B Market Shut Out YouTube video by House of El

What is a #StableCoin❓
Why is the #EU seeking to ban them❓

#StabilityMechanism backed: 1️⃣ 1:1 by #reserves such as #cash or #USTreasuries ( #fiat-backed)
2️⃣ other #cryptocurrencies ( #crypto-backed), or
3️⃣ by #algorithms that manage supply.

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