Home BlockchainBrazils Bill Bans Algorithmic Stablecoins as Bitcoin Hyper Soars

Brazils Bill Bans Algorithmic Stablecoins as Bitcoin Hyper Soars

by NewsBTC
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How Bitcoin Hyper works.

What to Know:

  • Brazil’s new legislation mandates 1:1 backing for stablecoins, effectively banning algorithmic models to protect consumers and pave the way for the Drex digital currency.
  • The regulatory squeeze on experimental assets is driving capital toward fundamental infrastructure projects that solve scalability and utility issues.
  • Bitcoin Hyper ($HYPER) utilizes the Solana Virtual Machine (SVM) to bring high-speed smart contracts to Bitcoin, raising over $31 million in its ongoing presale.
  • Whale…

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