Tags : stablecoins

Regulation

US Feds want to tame ‘wildcat’ stablecoins like Tether and

A research paper titled “Taming Wildcat Stablecoins,” published in the Social Science Research Network (SSRN) by a professor of finance at Yale, Gary Gorton, and the US Federal Reserve attorney Jeffery Zhang, urges supervision of stablecoins. According to the authors, regulating issuers as banks and introducing a central bank for digital currency (CBDC) would help […]Read More

Cryptocurrency

Here’s how stablecoins like DAI made an impact in the

The crypto sector has witnessed growth since the decentralized finance (DeFi) summer of mid-2020. And diving deeper into the DeFi ecosystem reveals the current state of stablecoin utilization and the circulating supply of the decentralized stablecoin ‘DAI.’ Growing stablecoin usage The growth of the DeFi ecosystem, which is built mainly on the innovative use of […]Read More

Market

Frances Coppola: Stablecoins Rely on Shadow Banking

We often talk about central banks creating fiat money. In fact, most fiat money is not created by central banks but by commercial banks. Furthermore, not all of the banks that create and hold fiat money are regulated banks. Many are what we know as “shadow banks.” In the cryptocurrency network, there is a whole […]Read More