Coming Soon: Stablecoin Regulation. But What Will It Look Like? (Part I)
Plus, why the UK dominates open banking.
Number of the Week: $33 billion (explanation below)
Stablecoin Regulation Is Coming Soon. But What Will It Look Like? (Part I)
It seems abundantly clear that stricter US regulation of stablecoins is imminent. This week, Federal Reserve chair Jerome Powell testified before House and Senate committees, and there were moments when he seemed almost vexed by s…