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Congress Is Trying to Ban the Digital Dollar. What Does That Mean for Crypto Stocks?

The Motley Fool·
Congress Is Trying to Ban the Digital Dollar. What Does That Mean for Crypto Stocks?

Congress passed legislation to prevent the Federal Reserve from issuing a digital dollar before 2030, but digital dollar development had already stalled. The real competition in on-chain money is between stablecoin issuers, banks, and payment providers rather than government CBDCs. Circle faces growing competition from a new Open USD stablecoin consortium backed by major firms like Visa, Mastercard, and BlackRock.

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