Fed-nominee Stephen Moore is teaming up with a former Reagan lawyer to launch Frax, a new stablecoin. Frax will not be backed by a U.S. dollar reserve, but will instead be loaned out to collect interest. Moore’s goal is to limit what he calls “the government monopoly of currencies”…
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Why stablecoins are critical for a healthy crypto market
Daniel breaks down the basics of stablecoins… why they keep popping up in the news… and what’s happening with...
