Why regulators should treat stablecoins like banks | Curio

Why regulators should treat stablecoins like banks

6 mins | Aug 9, 2021

Cryptocurrencies are not a threat to the financial system, yet. What precisely are 'stablecoins'? They are a particular variant of cryptocurrencies "that pegs its value to conventional money." What The Economist finds worrying about them is that whereas a fallout of a crypto coin like Bitcoin would still be somewhat 'manageable', when it comes to others like Tether, is anyone's guess.

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From The Economist

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