Hupzy (Spot On Chain)|Jul 10, 2026 18:34
The US government is set to ๐ฏ๐ฎ๐ป a state-issued digital dollar under a housing law's CBDC limit provision, taking effect tonight.
The provision prohibits any US government-issued CBDC โ legislative action, not executive order, making it harder to reverse.
๐๐๐ฝ๐๐ ๐๐ฎ๐ธ๐ฒ: This is a ๐๐๐ฟ๐๐ฐ๐๐๐ฟ๐ฎ๐น ๐๐ถ๐ป for private stablecoins. With no public-sector CBDC alternative, USDC and USDT face zero government competition in the US market. The legislative route adds durability โ future administrations can't easily unwind it. Watch for stablecoin flow shifts and any price reaction as the ban takes effect.
source: CoinDesk
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