Surge in Crypto Dollar! Major US Banks, Trump, and Hong Kong Drive Stablecoins Forward!
Reading Time: 4 minutes
The Bitcoin price is currently experiencing a real surge, rising to nearly 112,000 USD. According to a report by the Wall Street Journal, major US banks are also planning to venture into the cryptocurrency world and are rumored to be launching their own stablecoin. Stablecoins - Digital dollars for faster payments Stablecoins are digital currencies tied to stable assets like the USD and are typically backed by cash or government bonds. They enable quick, cost-effective exchanges of value and are used in crypto markets for transactions, payments,...
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