Markets

Well regulated dollar stablecoins may cancel out need for CBDCs

By Justin Pugsley
BRR fallback image

US regulators appear prepared to accept stablecoin issuers provided they meet tough criteria, implying that a US dollar CBDC might not be needed. 

Stablecoins, which are digital tokens normally backed by fiat currencies, have seen their assets explode by nearly 500% in a year to $127bn as of October 2021. ...

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