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What critics still get wrong about stablecoins
The signing of the Genius Act into federal law kicked off a new era for money and payments in the US that will have global implications. Stablecoins were already delivering faster and more efficient payments inside and across borders. Even the Bank for International Settlements acknowledged it in a recent analysis of cross-border crypto flows. With the Genius Act, stablecoins can now also count on a uniform legal framework that brings adequate consumer protection and establishes requirements and limitations to ensure lasting stability. No more ambiguity or assumptions: if a stablecoin is compliant with the Genius ... (full story)
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