Are stablecoins a threat to financial stability?

Stablecoins have seen explosive growth in the last year with the Bank for International Settlements estimating that as of late 2021, there were $120bn of them in circulation.

This has caught the attention of regulators who are pondering whether these instruments will revolutionize finance in a beneficial way for society or could become a major financial systemic threat.

To address those issues is Dante Disparte, chief strategy officer and head of global policy at Circle - an issuer of the USDC dollar stablecoin.

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