-
Stablecoins: Popularized by Facebook, Pilloried by Regulators
Facebook Inc.’s Libra initiative has thrust the stablecoin -- digital currency pegged to the value of low-volatility alternatives like the dollar -- into the spotlight. Gregory Klumov, founder and chief executive officer of Stasis, the company behind EURS, a stablecoin pegged to the euro, discusses the issues surrounding the growing visibility of these relatively stable digital assets. What’s your take on the regulatory environment? Some regulators have taken a hostile approach to stablecoins because they feel certain structures threaten their national interests and ability to conduct monetary policy. However, ... (full story)