U.S. Representative French Hill Clarifies Stablecoin Use as Payment Tokens
Speaking to Fox Business, Rep. Hill emphasized that stablecoins are designed for blockchain-based payments, not for providing yields like traditional bank deposits.
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Terms & Concepts
Stablecoin: A cryptocurrency pegged to a stable asset like the U.S. dollar, aimed at reducing price volatility.
Blockchain: A decentralized digital ledger that records transactions securely across multiple computers.