What Stablecoins Might Become

What Stablecoins Might Become
Identifying the ideal path to regulatory compliance for a stablecoin has been difficult. U.S. regulators have taken a much more active interest in the industry, though it is still not entirely clear what they will want stablecoins to be.U.S. Treasury Secretary Janet Yellen has warned about the risks stablecoins pose to the financial system and national security.”Depending on its design and other factors, a stablecoin may constitute a security, commodity or derivative subject to the U.S. federal securities, commodity and/or derivatives laws,” she said in a statement that certainly leaves some ambiguity. But regulators, however, should make their intentions clear…