Stablecoins May be Accepted as Bail Bonds in New York; Crypto Growth Consistent in US
The New York State regulators have floated a proposal to let the residents pay and settle bail bonds in the form of stablecoins. By making bail bold payments acceptable as stablecoins, New York will be able to record all the sensitive information permanently and unchangeably on the blockchain network of choice. Pegged to reserve assets like gold or fiat currencies, st…
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