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TheBlock 2019-10-21 15:57:25

Trump’s former Fed nominee plans to launch stablecoin

President Trump’s former pick for the Federal Reserve will issue a new stablecoin pegged to the U.S. dollar. Stephen Moore, who was nominated by Trump to join the Fed earlier this year, is partnering with former Reagan deputy general counsel Ralph Benko and Everipedia co-founder Sam Kazemian to launch a new stablecoin called Frax. The post Trump’s former Fed nominee plans to launch stablecoin appeared first on The Block.

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