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Stable(coin) Talk for Unstable Times
Consumers, policymakers, and economists are increasingly focused on stablecoins—digital tokens designed to deliver some benefits of cryptocurrency without the extreme volatility, such as bitcoin’s recent 30% plunge. Stablecoins have been part of the crypto universe for more than a decade, but they may now be poised for broader mainstream adoption. In Canada, the U.S., and elsewhere, policymakers have introduced legislation to regulate stablecoin issuers, aiming to protect token holders and enhance credibility. In this note, we cover the basics, summarize recent policy developments, and consider the potential ... (full story)
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