Stablecoins have thrived in unregulated shadows, with tokens in circulation now worth more than $127 billion. Today, these are widely being used for transactions that resemble traditional financial products. For example, bank savings accounts, but perhaps without offering the same level of consumer protection.
Now, it is worth noting that scrutiny has been ratcheting up as stablecoins surge in popularity.
First, it was the United States to share concerns over stablecoins such as Tether. But now,
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