The Need to Regulate Stable Coins
I’m typically not one to call for regulation — particularly in the #crypto space. However, I’m increasingly thinking that “stable” coins need some type of oversight as they very much may prove UNstable in times of financial duress.
The crypto ecosystem is an exciting place to be, whether one just holds BTC or ETH, or one is active in DeFi or NFTs. The innovation going on at the moment across the space has never been seen before in any sector by any set of actors. Period. And stable coins are an important “lubricant”, contributing to the success of the sector.