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President Trump's Former Federal Reserve Nominee Issuing Stablecoin

Ramsey Baker

Summary: Stephen Moore, President Donald Trump’s former nominee for the Federal Reserve, is set to issue a stablecoin that is backed by a fractional reserve, according to TheBlockCrypto. Moore will be joining forces with former Ronald Reagan deputy general counsel Ralph Benko and Everipedia co-founder Sam Kazemian to launch their stablecoin called Frax. Moore is serving ...

Stephen Moore, President Donald Trump’s former nominee for the Federal Reserve, is set to issue a stablecoin that is backed by a fractional reserve, according to TheBlockCrypto.

Moore will be joining forces with former Ronald Reagan deputy general counsel Ralph Benko and Everipedia co-founder Sam Kazemian to launch their stablecoin called Frax. Moore is serving as co-founder and chief economic officer of Frax, with Kazemian as the other co-founder.

By Ramsey Baker

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