It’s Time to Regulate Stablecoins as Deposits and Require Their Issuers to Be FDIC-Insured Banks
In November 2021, the President’s Working Group on Financial Markets (PWG) issued a report analyzing the rapid expansion and growing risks of the stablecoin market.[1] Stablecoins are digital assets that claim to maintain a “stable” value with reference to a designated currency (typically the U.S. dollar) or some other asset, index, or formula. PWG’s report concluded that… Read More »