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Why Yellen, Powell Cast a Wary Eye on Stablecoins

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It might appear paradoxical, however within the entirety of the wild and woolly world of cryptocurrencies, what among the high monetary regulators are most apprehensive about is the flavour of digital cash designed to be the most secure. Even the identify, stablecoin, exudes, properly, stability. However stablecoins basically and the enormous amongst them, Tether, have drawn rising scrutiny amid worries that they might pose dangers to cryptocurrency customers and even to the worldwide monetary system. With Tether, there’s additionally the query of whether or not the $69 billion in secure belongings that the corporate issuing the foreign money says is backing it are actually secure.

https://www.washingtonpost.com/enterprise/why-yellen-powell-cast-a-wary-eye-on-stablecoins/2021/10/08/627218c4-2879-11ec-8739-5cb6aba30a30_story.html?utm_source=rss&utm_medium=referral&utm_campaign=wp_business | Why Yellen, Powell Solid a Cautious Eye on Stablecoins

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