What Are Stablecoins and Why Are Regulators Wary?
Bloomberg reports that central bankers have called for legislation to regulate stablecoin companies in much the same way as banks.
If you put a dollar bill under your mattress, you know you’ll get a dollar bill back when you go looking for it, and that the paper currency will still be worth $1. A branch of cryptocurrencies called stablecoins has grown up based on the idea that such dependability can be replicated in new ways. Stablecoins have become crucial to... ...
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