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. Hosted on Acast. See acast.com/privacy for more information.