Stablecoins: Promoting Innovation While Addressing Risks
Our team is pleased to announce an important publication on crypto developments and future stablecoin regulation in the United States. Here we provide a brief overview of stablecoins, outline various risks and policy concerns noted by federal bank regulators and members of Congress, and discuss broad principles to guide development and implementation of a special purpose federal banking charter.
Further, we explore stablecoin's potential benefits outside the crypto ecosystem and discuss ways for innovation to continue within a clear and consistent prudential regulatory framework. Our publication is especially valuable for those tracking stablecoin developments domestically and globally, including Big Tech companies, stablecoin issuers and wallet providers, crypto investors, money transmitters, and banking institutions.