
Charles Hoskinson, the founder of Cardano, is set to moderate at the upcoming DC Blockchain Summit, where he will witness the collaboration between Constellation and the federal government. The summit, anticipated to feature significant announcements, has generated excitement within the cryptocurrency community, particularly regarding the potential partnership between Constellation's $DAG and other entities. Additionally, a new stablecoin named USD1, which is backed by U.S. Treasuries, will be introduced at the summit. USD1 is designed for both institutional and retail investors and will initially be minted on the Ethereum and Binance blockchains, with plans for future expansion. The stablecoin is currently not tradable but aims to provide real stability through government backing. The event is expected to highlight various innovations in the crypto space, including interoperability and data privacy solutions.



The stablecoin, called USD1, is not tradable yet—but its value will be backed by U.S. government debt. https://t.co/osuXXus0DL
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