Allowing algorithms to control the supply and demand of crypto was challenged by Terra Luna.
Stablecoins lack shared standards and are not interoperable.
Circle and BlackRock will explore capital market applications for USDC.
UK government will consult on wider regulation of cryptoassets this year.
The consortium aims to grow its membership of FDIC-insured banks.
Committee is holding a hearing on Understanding the Challenges and Benefits of Financial Innovation in the US.
Institutions overwhelmingly prefer stablecoins backed 100% by fiat currency.
The President’s Working Group on Financial Markets released a report on stablecoins.
Principles for Financial Market Infrastructures will apply to systemically important stablecoins.
