Stablecoins are the future and the White House is already making moves to stay relevant in this future. By regulating stablecoins and making them dollar backed, they will proliferate the markets in every corner for the same reason stated in this blog. This will in turn preserve the US dollar dominance. What do you think this would mean for local currencies outside of the US? Does rupee and yen lose relevance?
Regulatory alignment is critical for stablecoin adoption.
Financial institutions must properly classify stablecoin transactions rather than flagging them as suspicious. This requires regulatory frameworks that legitimize these transfers.
While real-time settlement is a advantage of stablecoins, we need use cases beyond cross border that leverage this capability if the money is stuck in wallets the faster settlement is of no use for customer. Lower fees alone provide insufficient incentive for widespread adoption.
Love it! Unfortunately, it's no surprise that regulations are also a roadblock to money movement on stables. In countries with capital controls (most emerging markets), governments want outflows to move through bank-only fiat rails for most remittance purposes.
Well done. love it! 💸
Stablecoins are the future and the White House is already making moves to stay relevant in this future. By regulating stablecoins and making them dollar backed, they will proliferate the markets in every corner for the same reason stated in this blog. This will in turn preserve the US dollar dominance. What do you think this would mean for local currencies outside of the US? Does rupee and yen lose relevance?
Regulatory alignment is critical for stablecoin adoption.
Financial institutions must properly classify stablecoin transactions rather than flagging them as suspicious. This requires regulatory frameworks that legitimize these transfers.
While real-time settlement is a advantage of stablecoins, we need use cases beyond cross border that leverage this capability if the money is stuck in wallets the faster settlement is of no use for customer. Lower fees alone provide insufficient incentive for widespread adoption.
Love it! Unfortunately, it's no surprise that regulations are also a roadblock to money movement on stables. In countries with capital controls (most emerging markets), governments want outflows to move through bank-only fiat rails for most remittance purposes.