US Treasury Department Says Stablecoins Could Have Positive Impact on Payments – But Potential Risks to Financial System Must Be Mitigated

The US Treasury Department says that stablecoins, cryptographically secured digital assets pegged to the price of traditional assets like the US dollar, could have a positive impact on the payments industry. In a new press release and report on one emerging sector of the digital economy, the Treasury says “stablecoins that are well-designed and subject […] The post US Treasury Department Says Stablecoins Could Have Positive Impact on Payments – But Potential Risks to Financial System Must Be Mitigated appeared first on The Daily Hodl.