Today, Binance unveiled plans for a smart contract blockchain competing with Ethereum, Bitcoin miner manufacturer MicroBT looks to beat Bitmain to market, and the road ahead for stablecoins looks bumpy.
The Binance dollar (BUSD) issued with Paxos saw the fastest growth, from $68 million to nearly $200 million, or up a whopping 194 percent.
Digital DollarsCongresswomen Rashida Tlaib and Pramila Jayapal introduced a proposal to have the federal government issue $2,000 per month issued to residents in digital dollar account wallets.
“No later than January 1, 2021, the Secretary shall offer all recipients of BOOST payments the option to receive their payments in digital dollar wallets,” Thursday’s bill read.
J. Christopher Giancarlo, former chairman of the U.S. Commodity Futures Trading Commission, thinks the ongoing discussion around a digital dollar project during the COVID-19 crisis is premature.

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