Here is our pick of the 3 most important Stablecoin news stories during the week.
What happens if Stablecoins win!
Privately issued stablecoins have now proven their ability to extend access to the dollar in brand-new markets or previously partly dollarized economies such as Argentina or Venezuela. So, far from weakening the US Dollar’s position as a reserve currency, the evidence is that they are strengthening it.
Stablecoins are here to stay, but will they see wider adoption? | TechCrunch
Thus far all this success has been achieved with no regulatory support. But that is about to change. Or is it? Maybe regulators are just making noise while they discover how hard it will be to put in place meaningful and useful regulation.
Regulation for USD Coin Would Open a Can of Worms | Nasdaq
Can stablecoins do more than just provide efficient money? A new world of Algorithmic and DeFi stablecoins are offering Yield, Collateral and super fast payment rails.
After UST’s success, a new race for L1 stablecoins is here | CryptoSlate
Only time will tell if stablecoins are not only here to stay but will win. Without doubt, Stablecoins combined with DeFi, offer features and benefits that our legacy financial system can’t even dream of. Will this new world of innovation live side by side or as an extension of the other? Or will Regulators insist on Banks running the show to the detriment of one side or the other?
____________________________________________________________________________________________________________
Alan Scott is an expert in the FX market and has been working in the domain of stablecoins for many years.
Twitter @Alan_SmartMoney
We have a self imposed constraint of 3 news stories per week because we serve busy senior Fintech leaders who just want succinct and important information.
____________________________________________________________________________________________________________
For context on stablecoins please read this introductory interview with Alan “How stablecoins will change our world” and read articles tagged stablecoin in our archives.
New readers can read 3 free articles. To become a member with full access to all that Daily Fintech offers, the cost is just US$143 a year (= $0.39 per day or $2.75 per week). For less than one cup of coffee you get a week full of caffeine for the mind.
