It was a bad week for crypto prices, with BTC and ETH both falling and the CoinDesk 20, which covers 80% of the market, losing 7% since Monday.
But less speculative assets showed plenty of volume. Stablecoins, in particular, were the name of the game this week.
The U.S. House introduced a stablecoin bill, following up on the Senate version that was approved by committee last week. Jesse Hamilton reported. Wyoming (aka “The Blockchain State”) wants its own stablecoin and it’s testing the idea on Avalanche, Solana and Ethereum, Kris Sandor reported.
Trending: Who Expected Bill Maher to Drop This Truth Bomb About NPR?
World Liberty Financial (WLFI), the financial protocol backed by Donald Trump and his family, confirmed the launch of its stablecoin (USD1) this week. And Don Trump Jr. trumpeted the news at the DC
Join the conversation!
Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!