Stablecoins are testing the foundation of the financial system. The problem? How to regulate them. Stablecoins are no longer a niche innovation. They're a viable alternative to traditional banking. As originally envisaged, cryptocurrencies such as bitcoin were intended to provide an alternative to government-backed money in all its uses. Bitcoin's (BTCUSD) market capitalization has risen dramatically, but it remains a volatile speculative asset rather than a widely used exchange and payment method. Instead, stablecoins have emerged as a viable alternative to the traditional banking system for payments and ... (full story)