Fully Backed Stablecoins Do Not Need Complex Federal Regulation
Issuing fully backed stablecoins does not create new money. It merely tokenizes existing money. There is no reason to regulate these issuers as if they are banks.
Source: forbes.com
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Issuing fully backed stablecoins does not create new money. It merely tokenizes existing money. There is no reason to regulate these issuers as if they are banks.