The stablecoin law is here - It doesn't mean your US dollar-backed crypto is 100% safe
From morningstar.com
It may be "stablecoin summer" for crypto investors celebrating the passage of a U.S. law that brings regulatory clarity and is helping to speed institutional adoption of the popular digital tokens. But some major worries haven't been put to bed yet. Even with new regulations, stablecoins remain vulnerable to losing their peg, or worse, triggering a "bank run" in the crypto world. And if stablecoin adoption grows too fast, it might create new risks for the U.S. government debt market, said Davide Oneglia, macroeconomist and director at TS Lombard. Stablecoins are "not 100% safe for sure, and probably not even safe at ...
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