This $1.45 billion stablecoin just launched - here's why traders are scrambling
Key Points
- The GENIUS Act has launched USDtb, America's first regulated...
The GENIUS Act just gave birth to America's first regulated stablecoin baby, and it's already walking around with $1.45 billion in its pocket. Meet USDtb, the new kid on the blockchain that's causing quite the stir in trading circles.
On July 18, Congress decided to play parent and signed the GENIUS Act into law, creating the first real rulebook for stablecoins in the U.S. Think of it as requiring every stablecoin to have a dollar-for-dollar piggy bank - no more funny money games. Anchorage Digital teamed up with Ethena Labs to bring USDtb stateside, ditching their British Virgin Islands setu...
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