Reading Time: 2 minutes Two high-profile financial experts have laid out a regulatory framework for stablecoins. The pair offered to either make stablecoins equivalent to public money or transform them into CBDCs. Despite all the hostility, stablecoin activity continues to soar. Two high-profile financial experts, Yale professor of finance Gary B. Gorton and U.S. Federal Reserve attorney Jeffery Zhang have outlined a regulatory framework for stablecoins. In a 49-page paper titled “Taming Wildcat Stablecoins” published just recently, the set of two argued that stablecoins can’t be considered as an efficient payment method because they are, among other reasons, not commonplace. The paper stated: Based
The post Financial Experts Suggest Stablecoin Regulatory Framework appeared first on FullyCrypto.
Read More