Stablecoins and the destiny of cash
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Closing week, U.S. Securities and change fee Chair Gary Gensler made a sturdy statement: Itu2019s time to regulate cryptocurrency markets. He isn't always the only regulator who believes this. Jerome Powell, chair of the Federal Reserve, issued an urgent call for law of stablecoins u2014 cryptocurrencies which are pegged to a reference asset consisting of the U.S. dollar u2014 and Federal Reserve Governor Lael Brainard signaled that the case for the Federal Reserve exploring a primary bank virtual forex (CBDC) in response to stablecoins seems to be getting more potent.
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Stablecoins and the destiny of cash
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