U.S. Risks Unleashing Second ‘Eurodollar’ Market if It Dallies on Stablecoin Regulation
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The recently-introduced Enhanced Dai Savings Rate reversed some of the token’s decline in market value.
The fintech giant’s PYUSD stablecoin has forced a rethink among Democratic policymakers who previously resisted federal legislation, says John Rizzo.
Investors are likely indifferent to which stablecoins they hold as long as they are perceived as safe and accessible on the largest trading platforms, the report said.
High U.S. Treasury interest rates are a powerful short-term motivator. Everything else is theory.
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The circulation of Maker’s DAI stablecoin has shrunk by a third over the past year.
The rapidly growing TUSD, favored by crypto exchange Binance, poses risk to the market, according to the crypto research firm.
The approval does not absolve Rpay of its compliance duties, but does eliminate the growing compliance risk, the company said.