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MARKETS DAILY: Featured Story | The Stablecoin Bill Is a Vital Upgrade for U.S. Financial Plumbing

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The Importance of Stablecoin Legislation for U.S. Financial Security and Competitiveness

This chapter explores the significance of stablecoin regulation in maintaining the US's global financial market position, emphasizing the need for rigorous standards and transparency to differentiate trustworthy stablecoins from questionable offshore issuances. It also discusses the risks of unstable stablecoins and the efforts of countries like China and Russia to develop their own digital assets.

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