Red-Hot World of Stablecoins Still Has Plenty to Prove
Paul Atkins, new chairman of the US Securities and Exchange Commission, which is weighing an “innovation exemption” from regulations to incentivize tokenization.
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It’s stablecoin season in Asia, with authorities across the region going into overdrive to forge pathways for issuers to create local currency-pegged tokens, writes Suvashree Ghosh. But can they compete?
Stablecoin efforts in Asia are taking on greater urgency after US President Donald Trump in July passed legislation that will promote wider use of dollar-backed tokens.