Stablecoin shifts and Euro challenge – Rabobank
4 Articles
4 Articles
Stablecoin shifts and Euro challenge – Rabobank
Rabobank’s Global Strategist Michael Every highlights United States (US) legislative moves on US Dollar (USD) stablecoins via the CLARITY and GENIUS Acts, stressing how reward structures could entrench Dollar-linked digital assets in global finance. Every contrasts this with the European Central Bank’s (ECB) scepticism on Euro (EUR) stablecoins and notes that a stronger EUR role would require deeper capital markets and a larger safe-asset pool, …
A market that touches the $200 billion in global issuance of stablecoins awaits in the U.S. Senate the outcome of a battle that will define for years the distribution of power between the traditional financial sector and crypto-emerging ones. The GENIUS bill, which aims to create a federal framework for these digital currencies anchored to the dollar, has become the field of a last-minute struggle in which the big Wall Street bank tries to ensur…
FDIC and OCC Both Want to Be Stablecoins’ New Boss
Washington has decided that stablecoins are too significant, economically and systemically, to remain outside the regulatory perimeter. Now comes the rulemaking. With the GENIUS Act’s first anniversary arriving and being signed into law this July, U.S. in full implementation mode. The clock is running. The Federal Deposit Insurance Corporation’s (FDIC) proposed rule ties stablecoin issuance directly to reserve integrity, liquidity disc…
Galaxy Research published a report on the GENIUS Act that challenges the traditional banking narrative about the risks of regulated stablecoins. Read more
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