Stablecoins in Spotlight as U.S. Begins to Lay Ground for Rules on Cryptocurrencies

Stablecoins in Spotlight as U.S. Begins to Lay Ground for Rules on Cryptocurrencies

Sponsors say stablecoins are safe, but regulators are concerned about potential risks to financial stability. The Federal Reserve is trying to figure out how to keep cash relevant in a cashless world. It’s considering digitizing the U.S. dollar, giving people money they can access on their phone and bypassing electronic payments that can be slow and costly for businesses.

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