Slate Money: We Submit To The AI Overlords
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The Future of Stablecoins and Regulation
This chapter examines recent U.S. legislative measures impacting stablecoins, including the Genius Act and the Stable Act, and their implications for consumer protection and regulatory oversight. The discussion highlights the risks associated with stablecoins as substitutes for traditional bank accounts and the potential transformation of payment systems for both large corporations and small businesses. Additionally, it emphasizes the innovative potential of stablecoins in payment processing while addressing the challenges and historical context of digital payment advancements.
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