🇺🇸STABLECOINS: DIGITAL DOLLARS THAT COULD CHANGE EVERYTHING

Lawmakers in Washington are cooking up rules to make stablecoins safer so they can be used for everyday payments and maybe even help pay off the nation’s giant bill.

The U.S. Treasury Secretary says stablecoins could keep the dollar king and help fund the government.

Big names like PayPal and Visa are already testing ways to use them.

These coins are backed by safe stuff like government bonds, so they do not crash easily.

Right now, they mostly sit in digital wallets, but if Congress passes this new law, they could handle everything from shopping to rent.

Some experts warn stablecoins could still blow up if everyone wants their money back at once, just like in a good old-fashioned bank run.

But for now, Washington is racing to get ahead of the curve before these digital dollars change the way the world moves money.

Source: Bloomberg