IMF’s latest post endorses stablecoins, calling them “mostly backed” by US Treasuries.

Just last December, the IMF issued a warning against stablecoins. Link in article.

The same IMF delayed a loan to El Salvador due to its Bitcoin purchase.

USDT issuer Tether holds $6.5 billion worth of Bitcoin.

Circle (USDC), PayPal (PYUSD), First Digital (FDUSD), Maker (DAI), and the Trump family (USD1) also hold Bitcoins. Details in the article linked.

Are the rules only made for the weak? No wonder fiat collapsing.

submitted by /u/chartsguru [link] [comments]

r/CryptoCurrencyRead More

You might also be interested in reading Bitcoin Could Be Near A Bigger Breakout As Key Metrics Turn, Capriole Founder Says.