© Reuters. Stablecoins can’t be when in contrast to monetary institution deposits when it comes to possibility, argues a brand unique policy paper authored by pale Federal Reserve Board analyst Brendan Malone on behalf of technology investment company Paradigm.
The file explores the risks stablecoins pose to the monetary system, noting that novel legislative proposals in the United States could incorporate crypto payment instruments into existing banking and securities frameworks. Malone argues that the risks posed by stablecoins are lower than monetary institution deposits and varied from money market funds.
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