cryptocurrencies
* Circle, the issuer of the second-largest stablecoin USDC, believes stablecoins will become mainstream money. * Circle emphasizes the need for global harmonization of regulations for payment stablecoin issuers. * Circle plans to move its global headquarters to New York and calls for federal stablecoin rules in the US. * Circle supports the stablecoin
cryptocurrencies
* Crypto policy impacts 2024 Presidential race. * Biden officials to attend policy roundtable. * Former Speaker Paul Ryan urges stablecoin regulation. * Ryan advocates for stablecoins to make US debt attractive. * Ryan calls for bipartisan effort in Congress. * Ryan emphasizes stablecoins on public blockchains uphold American values. Summary : Former Speaker of the House
banking
In a recent podcast, Hilary Allen, a law professor at American University, expressed concerns about stablecoins, describing them as a threat to the banking system and the public. She believes that stablecoins could destabilize banks and potentially require a government bailout. These comments come as there is a push in
actors
Stablecoins could surpass Visa in total payment volume this quarter, according to research firm Sacra. Sacra argues that stablecoins have a strong advantage in cross-border money movement, offering convenience, speed, and lower costs compared to traditional payment methods. They also claim that major banks are working on integrating stablecoins into