CoinDesk (@CoinDesk): Stablecoins compete with FedNow (the central bank's payment service) and with a potential CBDC. So putting the Fed in charge of regulating stablecoins…
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Stablecoins compete with FedNow (the central bank's payment service) and with a potential CBDC. So putting the Fed in charge of regulating stablecoins would be like having the fox guard the henhouse, write @CatoCMFA's @jenniferjschulp and @JackSolowey. trib.al/LI3LtDj