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