166. News: UK Treasury looking at stablecoin regulation - what's to come?
Blockchain Insider Podcast by 11:FS
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Stable Coins
Stable coins have been top of mind and of interest to policy makers over the past year. i think this is a clear problem if consumers s don't really understand what they're buying, and what types of assets ar or backing a coin. And so for example, last time i looked, 99 % of stable coins are backed by dollars. But you have less than one percent of the stable coin supply backed by hureas or pounds. So i find it really interesting you have of a for thinking financial regulator who's looking at this market. Are they looking at it as trying to prevent o similar mechanisms being claimed as g b p stable coins? Or do they want them to spur innovation
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