Useful article on Coindesk discussing what underpins the integrity of one of the more popular forms of Stabecoins
“Newcomers to the crypto space are quickly confronted with a popular distinction between regulated stablecoins and unregulated stablecoins. But what is the difference? Tether, the largest of the stablecoins, is often described as unregulated. But Tether executives and supporters disagree with this claim. Who is right?”
— Read on www.coindesk.com/what-tether-means-when-it-says-its-regulated
I don’t profess any real insight or expertise in this space but it does feel to me like a question that any serious student of banking needs to come to terms with.
Tony – From the Outside