CryptoCoinMindSet LIVE | The Stability of Stablecoins | The Latest Legislation & More

Recently the U.S. House of Representatives moved forward with a #Stablecoin bill. This is the first such type of #CryptocurrencyRegulation related to this type of #Crypto asset.

Also, #PayPal announced the launch of its own #USD backed stablecoin.

We’ll talk about the history of this asset, this current news and the potential future of stablecoins.

At the end of the live, we’ll talk about a new LIVE stream at #CryptoCoinMindSet that involves YOU and your opinions on #Crypto

Don’t forget, I’m LIVE every Wednesday at 10am EST.

Join me and help me drive the discussion by chatting with me LIVE.

Resources:

What Are Stablecoins?: https://cryptocoinmindset.com/cryptocurrency-what-are-stablecoins/

PayPal Launches USD Stablecoin: https://coingape.com/breaking-paypal-launches-usd-stablecoin-pyusd-pushing-crypto-payments/

PayPal Pauses Stablecoin Work: https://www.bloomberg.com/news/articles/2023-02-10/paypal-pauses-stablecoin-work-amid-regulatory-scrutiny-of-crypto#xj4y7vzkg

Facebook Libra Coin: https://cryptocoinmindset.com/facebooks-cryptocurrency-libra-under-a-microscope/

JP Morgan Coin: https://www.fool.com/investing/2020/10/27/jpmorgan-chase-rolls-out-digital-coin-and-creates/

What Are CBDCs?: https://cryptocoinmindset.com/cbdc-a-guide-to-grasping-central-bank-digital-currency/

The Fed Requires State Banks To Get Permission: https://twitter.com/WatcherGuru/status/1689016831418179585

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Find What You Need

00:00 Introduction
03:32 PayPal Launches Stablecoin & Stablecoin Definition (Links Above)
09:01 Background About PayPal
12:33 Buying Crypto on PayPal vs an Exchange (Links Below)
13:20 #PYUSD Built on #Ethereum
15:00 PYUSD Issued by #Paxos
15:41 PayPal Paused Work on PYUSD Due To Paxos (Link Above)
19:32 Movement to #Web3
20:29 Exodus Web3 Wallet (Link Below)
22:18 Foster Adoption of Digital Assets
23:21 What You Can Do With PYUSD
28:08 #Facebook #Libra Coin (Link Above)
30:15 JP Morgan Chase JPM Coin (Link Above)
31:23 What The PYUSD Code Allows PayPal To Do
37:25 What The Stablecoin is Really Like
40:10 Stablecoin Bill in Congress (Link Above)
41:18 Bill Removes Fed Authority & The Fed’s Response (Link Above)
44:54 Pros of PYUSD
45:51 Cons of PYUSD
49:03 Our New LIVE Stream – #CryptoOnTheRocks
51:18 Wrap Up

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Our Favorite YouTube Channels

Andreas Antonopoulos – https://www.youtube.com/user/aantonop

Crypto Crow – https://www.youtube.com/@CryptoCrowOfficial

Mark Moss – https://www.youtube.com/@1MarkMoss

CryptoJar – https://www.youtube.com/@CryptoJar

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Recommended Cryptocurrency Tax Info

CryptoTrader.Tax – https://cryptocoinmindset.com/r/crypto-tax/

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