LockMeta
  • News
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFTs
  • Metaverse
  • Business
  • Markets
  • Policy
  • Press Release
Twitter Telegram
LockMeta
Twitter Telegram
Google News
  • Latest News
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFTs
  • Metaverse
  • Business
  • Markets
  • Policy
  • Press Release
LockMeta
News

Three factors drive U.S. stablecoin regulation

January 3, 2022
Share Facebook Twitter Telegram WhatsApp Pinterest LinkedIn Tumblr Email Reddit VKontakte

Salman Banaei, Head of Policy Research at Chainalysis, revealed that U.S. regulators may supervise stablecoins in 2023. He believes that there are three key factors that are driving the United States to strengthen the supervision of stablecoins:

  1. On the issue of reserve guarantees, Salman Banaei stated that some stablecoin issuers will provide misleading charts about holders’ assets in their announcements. This may cause these digital asset holders to suddenly realize that due to the potential run risk of re-pricing, the value of the assets held by the issuer of the stable currency may depreciate;
  2. Stablecoins are encouraging some speculative behaviors, including the development of dangerous unregulated ecosystems, such as DeFi applications that are not yet subject to regulations like other digital assets.
  3. The stablecoin may become a legitimate competitor of the standard payment network. The issuer of the stablecoin is likely to provide a scalable payment solution, which will cause a big blow to traditional payment systems and banking service providers. .
Previous ArticleJay Chou has nothing to do with “Phanta Bear” NFT
Next Article Metaverse related crypto assets exceed 40 billion U.S. dollars

Related News

March 26, 2023

LVMH group executives said: LVMH is more advocating Web 2.5

March 26, 2023

The total lock-up volume on Ethereum Layer 2 is 8.713 billion USD

March 26, 2023

Data: USDC circulation decreased by $2.1 billion in the past week

March 26, 2023

Industry insiders: the UK has already experienced encrypted banking difficulties

March 26, 2023

2023-PBW successfully concluded

March 24, 2023

Data: The top five ARB buyers on the chain purchased a total of more than 13 million ARB

March 24, 2023

CNBC discloses that Binance employees and volunteers guide users to circumvent KYC restrictions

March 24, 2023

Global Mofy Metaverse Limited plans to raise US$6 million through IPO

The Latest
Business News March 26, 2023
LVMH group executives said: LVMH is more advocating Web 2.5
Ethereum News March 26, 2023
The total lock-up volume on Ethereum Layer 2 is 8.713 billion USD
Altcoin News March 26, 2023
Data: USDC circulation decreased by $2.1 billion in the past week
Market News March 26, 2023
Industry insiders: the UK has already experienced encrypted banking difficulties
Ethereum News March 26, 2023
2023-PBW successfully concluded

LockMeta provides the latest crypto news flash including Bitcoin, Ethereum, Altcoins, NFTs, Metaverse, Business and Policy. Get today's latest crypto news in a minute.

Twitter Telegram
  • News
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFTs
  • Metaverse
  • Business
  • Markets
  • Policy
  • Press Release
  • About Us
  • Contact Us
  • Advertise
  • Terms of Service
  • Privacy Policy
© 2023 LockMeta.

Type above and press Enter to search. Press Esc to cancel.