Stablecoins: A Potential Boost for the US and Global Economies

According to Timothy Massad, the former Chairman of the Commodity Futures Trading Commission (CFTC), the US government should no longer overlook stablecoins, as they hold the potential to improve the domestic payment system. He suggests that taking steps to regulate these financial products could be beneficial, just as other countries like the United Kingdom have already done by implementing comprehensive regulations.



During a recent interview with CNBC, Timothy Massad emphasized that the American authorities are making an error by excluding stablecoins from their regulatory oversight. Instead, he believes they should be closely monitored and brought under the regulatory umbrella.



Massad sees stablecoins as potentially valuable in introducing healthy competition, provided that the government takes measures to address the risks


First found on: https://coinatory.com/2023/07/26/stablecoins-boost-for-global-economies/?utm_source=BG&utm_medium=Blogger+Some+Crypto+Blog&utm_campaign=SNAP