Stablecoins can speed up payments, especially cross-border transfers, reduce costs, including remittances, and help combat money laundering and terrorist financing through an immutable and transparent transaction record.
Describes the benefits of stablecoins in financial transactions.
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More from Pat Toomey
I think there is a case to be made that there should be a regulatory regime on disclosure requirements for an issuer.
We owe it to each customer to get to the bottom of the FTX implosion, and any violations of the law should be aggressively prosecuted.
There was unauthorized lending of customer assets to an affiliated entity, and there were apparently fraudulent promises to investors and customers about FTX's operations.
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