Stablecoin Popularity: Investment or Fractional Reserve Banking?

Stablecoin

Competition Outshined

At a recent conference, it was revealed that stablecoin could be classed as securities. US Securities and Exchanges Commission (SEC) senior advisor for digital assets, Valerie Szczepanik believes stablecoin should be classified as:

  • Those backed by real assets such as gold or real estate
  • Those tied to fiat currency in reserves
  • Those backed by market financial mechanisms

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