Stable Coins raise concerns

A new bill would require stablecoin issuers to secure banking charters and either maintain full reserves or gain FDIC cover for its tokens.

The ECB has identified privately-issued stablecoins as representing a greater risk to financial stability than cryptocurrencies like bitcoin.

Facebook’s Libra (OK, now it’s been renamed to Diem) looms as 2021 dawns – maybe – and in a form diminished from its initial ambitions back in 2019, to disrupt the monetary system itself. And legislation looms here in the United States that would set regulatory hurdles – and, depending on how you…