Stablecoins are digital assets designed to maintain a stable value, often pegged to the U.S. dollar. Unlike traditional cryptocurrencies, they avoid the extreme price volatility, making them attractive for real-world financial use. Now, the U.S. Congress is taking steps to regulate stablecoins as their influence in the global financial system continues to grow. CGTN’s Ira Spitzer reports.
U.S. Congress moves to regulate stablecoins amid growing global role
World Today
