Stablecoins were a big topic of discussion at the Multicoin conference this week.
They are an amazing innovation in crypto and they hold a LOT of promise.
Here is Investopedia on Stablecoins.
Of course, the government is getting involved as they proliferate.
My friend Ben Milne who started Dwolla in the payments space sent me this link which is a great read on the perils of Biden’s proposals:
The Big Miss in the Biden Administration’s Stablecoin Report – We know that banks will not continue to rule the payments landscape. So why give them control over stablecoins?
Have a great weekend.