$3 Trillion in Stablecoins by 2030 | Jeremy Allaire, USDC Founder
Bankless
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Navigating Stablecoins and Regulation
This chapter explores the intricate relationship between stablecoins and government regulation, highlighting the potential benefits and challenges of integrating digital currencies into the financial system. It discusses the implications of the ongoing development of the Payment Stablecoin Act and the need for a robust regulatory framework at the global level. Additionally, the chapter delves into the competition between private and government-issued stablecoins, addressing trust issues, innovation, and the potential for legal reclassifications.
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