Opinion: Stablecoin could be really useful money so let’s regulate it like money

ICYMI - Opinion: Stablecoin could be really useful money so let’s regulate it like money

In our view, stablecoins are the likely future of crypto. But the securities regulation they’re currently subject to, which focuses on investments, is unlikely to be sufficient for those stablecoins that do seek to be used as money. The federal government needs to regulate these new instruments that aspire to be money as if they were money. But so far it has not.

But USDC’s unfortunate bank choice misses the point. If one believes in the innovative attributes that underpin stablecoins, the question becomes: what can be done to mitigate their risk?

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