
The stablecoin surge: Risks for the Global South?
There are plenty of potential benefits for banks, consumers and others from the coming wave of globe-spanning stablecoins. But for fragile, smaller economies, there’s a risk of fallout.

There are plenty of potential benefits for banks, consumers and others from the coming wave of globe-spanning stablecoins. But for fragile, smaller economies, there’s a risk of fallout.

The story of fintech has been one of speed and openness. The challenge now is ensuring those gains don’t regress into a system that excludes the people it set out to empower.

While Bitcoin has been viewed as a replacement for fiat currencies or a digital alternative to gold, it’s becoming clear that cryptocurrencies are something else entirely.

The paradox of Bitcoin is that its success bred volatility, restricting the rise of credit markets — and thus its maturity as the basis for a modern monetary system.

Mainstream financial institutions once viewed cryptocurrencies with suspicion or disdain. Now a growing welcome for digital assets by institutional investors is helping crypto markets mature, driving demand and reducing volatility.

The father of the European Union’s Markets in Crypto-Assets Regulation discusses making the most of a crisis, waiting for Washington and the risks of failing to innovate.

More regulation may be essential for crypto tokens to reach their potential, but a clunky approach risks strangling the industry. A smarter approach centered around potential market failures is the way forward.
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