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Fiat-backed stablecoins could be used to post bail in New York under proposed bill

A New York lawmaker has introduced a new bill that proposes to allow certain stablecoins to be accepted as payment for bail.

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

Fiat-backed stablecoins could be used to post bail in New York under proposed bill

A New York lawmaker has introduced a new bill that proposes to allow certain stablecoins to be accepted as payment for bail.

Why this matters

This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

Original source

Read on Cointelegraph

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