Asset-backed stablecoins are digital currencies that are issued against traditional fiat currencies held on a 1:1 peg. In theory, one U.S.-dollar-backed stablecoin should be equal to one U.S. dollar. However, as we’ve seen in the case of tether, this is not always the case. In fact, many popular stablecoins are backed by a similar combination of cash and commercial paper, which … [Read more...] about The Urgent Need for Regulatory Clarity on Stablecoins
Clarity
A Need for More Regulatory Clarity
For years fintech leaders, investors and technologists in the cryptocurrency space have whined about the lack of regulatory clarity coming from the Securities and Exchange Commission (SEC). It was only in February 2020, amended in April of this year, that SEC Commissioner Hester M. Peirce proposed her forward thinking safe harbor rules providing a three-year grace period from … [Read more...] about A Need for More Regulatory Clarity