The investment deepens a16z’s exposure to Solana’s liquid staking ecosystem as US regulators begin clarifying how such products fit into securities law.
As dollar-pegged tokens like Tether’s USDT and Circle’s USDC continue to dominate, the EUROD joins a growing wave of euro-backed stablecoins entering the market.
The bill, if passed, would codify US President Donald Trump's executive order allowing retirement plans to include "alternative assets," including cryptocurrencies.