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Gate Square New & Returning Creator Rewards are ongoing!
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📣 Congress discusses stablecoin frameworks, rejects CBDC expansion
American lawmakers discussed the role of stablecoins in modernizing payments, rejecting CBDC during the hearings on March 11.
Officials argued that stablecoins strengthen the dominance of the dollar without excessive government control, while CBDC will centralize financial power.
The STABLE Act, aimed at regulating stablecoin issuers, was a key topic, with leading industry representatives emphasizing clear regulation to prevent innovations in cross-border remittances.
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