The dangers of stablecoins
They are no substitute for money, even if usage is growing fast
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Stablecoins can support financial safety
Fears that they make it easier for criminals to move money around are based on a misconception
Why we should worry about the rise of stablecoins
Asset-backed digital currencies could pose risks to bedrock of global financial system
The stablecoin stumbling block
The crypto tokens are not yet safe enough to be used at scale in the settlement of large, wholesale financial transactions
Bank of England dilutes planned rules for UK stablecoins
Central bank partly backs down after industry criticism over plan for digital tokens
The stablecoin loophole that could expose the EU
A regulatory framework must be established for tokens issued both inside and outside the bloc
The coming crypto crisis
Bipartisan backing of stablecoins will hurt America’s economy and its politics