Sponsored by Senator Tan Parker
New: Bill for an Oil-Backed Stablecoin in Texas
Bill SB 2922 establishes a licensed stablecoin backed by oil with a mandatory 1:1 oil reserve.
Holders of the stablecoin can exchange it for an equivalent amount of oil or cash.
➕ The market has abnormal quantities of projects and future news, which are considered exceptional to attract capital, and it is still inactive.