Stablecoins
As stablecoins inch closer to mass adoption, major economies are rolling out regulatory frameworks to govern their use, structure, and impact on financial systems.
- These are cryptoassets pegged to fiat currencies and backed by real-world reserves.
- Stablecoins enable faster, programmable payments and are emerging as digital financial rails for both traditional and decentralized systems.
- United States Passed the GENIUS Act, requiring fiat-backed stablecoins to maintain 1:1 reserves in high-quality liquid assets.
- European Union Under MiCA (Markets in Crypto-Assets) regulations (from late 2024), stablecoins are classified as either “e-money tokens” or “asset-referenced ....
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