X @BSCN

🚨JUST IN: BRAZIL MOVES TO MAKE ALGORITHMIC STABLECOINS ILLEGALBrazil's congressional committee has approved Bill 4.308/2024 which would see algorithmic stablecoins entirely banned from the country.It would see assets like @ethena's $USDe and @fraxfinance's $FRAX prohibited.Major stablecoins like @Tether's $USDT and @Circle's $USDC would likely be fine, given their assets are fully-backed with reserves. ...