US Edition71st Reason For National Bitcoin Reserve: A State Stablecoin Fully Backed by Bitcoin Facilitates Local Transactions
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71st Reason For National Bitcoin Reserve: A State Stablecoin Fully Backed by Bitcoin Facilitates Local Transactions
National Bitcoin reserves offer governments the option to issue a state-backed stablecoin pegged to their local currency but fully backed by Bitcoin. This approach allows citizens to conduct daily transactions using a familiar unit of account while the nation benefits from Bitcoin's underlying value proposition. Regular audits and transparent reserve management are essential components for maintaining public trust in the peg mechanism. The abili…
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