Stablecoins Called a “Pillar” of the Digital Economy

[chainsniff]

The lawmakers argue stablecoins are no longer experimental, but a growing foundation of the digital economy.

They warned the UK risks becoming a global outlier by limiting wholesale stablecoin use, banning interest on reserves, and imposing caps that could push activity toward US dollar–pegged stablecoins instead.

[Abdul Khan]

Stablecoins are becoming essential infrastructure for digital payments.

[Nahid Hossen]

Their role in global finance keeps expanding every year.