Stablecoins are digital assets that claim to keep their value consistent by referencing other tangible or monetary assets. PpStablecoins are gaining a lot of interest as a brand-new method of producing private money.
From a regulatory perspective, two primary issues have dominated discussion thus far. On the one hand, the possible influence on monetary policy and the payment infrastructure. The need to safeguard investors and society from potentially abusive stablecoin suppliers, on the other hand. Even though it has so far only been mentioned in passing, financial stability is another major problem. More significantly, this paper explains how the governing legal system directly affects financial stability.
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