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Stablecoin Growth Presents New Risks for Regulators, BIS Says
4 Articles
4 Articles
Stablecoin Growth Presents New Risks for Regulators, BIS Says
The Bank for International Settlements warned that the rapid expansion of stablecoins — digital tokens usually pegged to fiat currencies — is creating new policy challenges for financial authorities, potentially placing monetary sovereignty in key markets under threat.
In a few months, the United States has rolled out a long red carpet for stables. The GENIUS Act, popular with many, aims precisely to frame them and should arrive very soon. But is it really good intentions? Or, could it be that, in the end, all this be organized to save the debt and favor the largest banks? The article What if the stablecoins were a huge Trojan horse to finance the American debt? appeared first on Cryptoast.
A Trust Fund for Everyone to Defuse the Stablecoin Time Bomb - Project Syndicate - Yanis Varoufakis
ATHENS – Margaret Thatcher famously quipped that the problem with socialists is that, eventually, they run out of other people’s money. But what happens when bankers run out of other people’s money, as seems likely to happen soon? Either we end up with another calamitous financial meltdown or we innovate to serve the public interest in a manner Thatcher would have dismissed as socialist. Before I propose one such innovative response to the loomi…
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