Once again Wall Street asks the financial regulators to jump and the financial regulators ask “how high”. In this case, the Presidential Working Group, aka Wall Street, has come out in favor of the idea of the FDIC insuring the value of stablecoins. Stablecoins are a form of cryptocurrency similar to a money market mutual fund. Their value is suppose to remain stable as any investment in the cryptocurrency sees the proceeds of the investment invested in financial securities like US Treasury bills.
Stablecoins and FDIC Insurance
Stablecoins and FDIC Insurance
Stablecoins and FDIC Insurance
Once again Wall Street asks the financial regulators to jump and the financial regulators ask “how high”. In this case, the Presidential Working Group, aka Wall Street, has come out in favor of the idea of the FDIC insuring the value of stablecoins. Stablecoins are a form of cryptocurrency similar to a money market mutual fund. Their value is suppose to remain stable as any investment in the cryptocurrency sees the proceeds of the investment invested in financial securities like US Treasury bills.