Tied to a recently drafted bill surrounding stablecoin framework that was published in the House of Representatives document repository days before the planned hearing.
According to its CEO, who shared that regulators’ decision to make whole all depositors would cover any risk and that the token would be redeemable at its usual 1:1 ratio with the USD come Monday morning.
Unlike its voluntary entry into NFTs, the latest step towards blockchain tech comes as a result of Circle integrating Apple Pay into its platform.
Also at the intersects of stocks and crypto, MicroStrategy sees a decline in share price after a $6M USD Bitcoin purchase.
The latest update on the ongoing investigation.