Close Menu
ApeWatcher News
  • Home
  • Advertise
  • Headlines
  • Crypto
    • News
    • Bitcoin
    • Ethereum
    • Altcoin
    • View All
  • DeFi
  • NFT
  • Metaverse
  • Guides
  • Rates
  • Videos
  • Listing Platform
  • BSC
  • ETH
  • Listing Platform
  • BSC
  • ETH
What's Hot

Tornado Cash Dev Roman Storm’s Defense Team Wants to Know if DOJ Withheld Evidence

May 20, 2025

JPMorgan Will Allow Clients to Buy Bitcoin, CEO Jamie Dimon Confirms

May 20, 2025

Solana Labs offshoot Anza pitches ‘biggest change’ ever to network consensus

May 20, 2025
X (Twitter) Telegram
  • Listing Platform
  • Home
  • BSC
  • ETH
Advertise
X (Twitter) Telegram
ApeWatcher News
  • Headlines
  • Crypto
    1. News
    2. Bitcoin
    3. Ethereum
    4. Altcoin
    5. View All

    Tornado Cash Dev Roman Storm’s Defense Team Wants to Know if DOJ Withheld Evidence

    May 20, 2025

    JPMorgan Will Allow Clients to Buy Bitcoin, CEO Jamie Dimon Confirms

    May 20, 2025

    Solana Labs offshoot Anza pitches ‘biggest change’ ever to network consensus

    May 20, 2025

    Binance’s Former Russia Head, Blum Co-Founder Arrested in Connection to Fraud Case

    May 19, 2025

    Bitcoin trading in six-figure territory shows BTC is ready to carry gold’s ‘baton’ — Fidelity exec

    May 19, 2025

    Bitcoin fractal analysis forecasts new all-time highs above $110K by end of week

    May 19, 2025

    Bitcoin futures data aligns with BTC traders’ hope for new all-time highs

    May 19, 2025

    Michael Saylor Hit With Class Action Lawsuit for Allegedly Violating Securities Laws and Issuing False and Misleading Statements

    May 19, 2025

    Price predictions 5/19: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, SUI

    May 19, 2025

    Hoskinson promises audit, is ‘deeply hurt’ by $600M Cardano treasury claims

    May 19, 2025

    US crypto funds top $7.5B inflows in 2025 as investor appetite grows

    May 19, 2025

    Vitalik Buterin proposes partially stateless nodes for Ethereum scaling

    May 19, 2025

    Quantum Biopharma adds to crypto holdings

    May 19, 2025

    Crypto.com, Canary launch CRO fund in US

    May 19, 2025

    Community sales are the future of crypto fundraising

    May 19, 2025

    Trader Predicts Ethereum Rally to All-Time Highs, Expects Bullish Continuation for Chainlink and One Solana Rival

    May 19, 2025

    Tornado Cash Dev Roman Storm’s Defense Team Wants to Know if DOJ Withheld Evidence

    May 20, 2025

    JPMorgan Will Allow Clients to Buy Bitcoin, CEO Jamie Dimon Confirms

    May 20, 2025

    Solana Labs offshoot Anza pitches ‘biggest change’ ever to network consensus

    May 20, 2025

    Binance’s Former Russia Head, Blum Co-Founder Arrested in Connection to Fraud Case

    May 19, 2025
  • DeFi
  • NFT
  • Metaverse
  • Guides
  • Videos

    Bitcoin Parabolic: Escape the Fiat System NOW!

    May 19, 2025

    URGENT: Crypto Holders – It's a TRAP!! What Comes NEXT?? (Do NOT Be Fooled!)

    May 19, 2025

    Million Dollar Bitcoin?

    May 19, 2025

    EMERGENCY BITCOIN ALERT! SCARY Bond Market Crisis

    May 19, 2025

    Top Crypto Coins Made in USA That Will SURGE By Summer 2025

    May 18, 2025
ApeWatcher News
Home » Two Roads Diverged: Choosing the Right Path on Stablecoin Legislation – Ivan Soto-Wright, MoonPay
Two Roads Diverged: Choosing the Right Path on Stablecoin Legislation – Ivan Soto-Wright, MoonPay
News

Two Roads Diverged: Choosing the Right Path on Stablecoin Legislation – Ivan Soto-Wright, MoonPay

CoindeskBy CoindeskApril 4, 20250 ViewsNo Comments
Share
Facebook Twitter LinkedIn Pinterest Email

In the early-1990s, telephone companies ran ads for long distance calls highlighting the cost per minute for a U.S. customer to speak to someone in another country. Today, that business does not exist. You can now Facetime or Zoom anyone, anywhere, for free.

What changed?

The shift to Voice over Internet Protocol (VoIP) ultimately drove the price of calls down to nearly zero.

Today, we are experiencing a similar transformation as a global, embedded financial layer emerges within the internet. This will ultimately drive money transfer costs closer to zero, transforming a system long burdened by high fees, delays and middlemen.

Stablecoins are the application driving this evolution. The maxim “adoption is slow until it is fast” captures their explosive growth in recent years. To get an idea of scale, stablecoin transaction volume surged above $27 trillion in 2024 – surpassing Visa and Mastercard combined. Today, there are stablecoin providers, such as Tether, that hold more U.S. Treasuries than entire countries like Germany and the Netherlands.

Stablecoins are no longer a niche experiment. They are becoming more deeply embedded in our global financial ecosystem. As U.S. lawmakers debate stablecoin legislation, the goal should be clear: reinforce the dollar’s dominance as the global reserve currency while extending its reach into corners of the world that traditional banking cannot touch. This should include many important players — not just those based in the United States.

Two Paths, One Future

Congress is at a crossroads between two general positions. One is a closed-market approach in which U.S.-based stablecoin issuers would be privileged over their non-U.S. competitors. This is shortsighted and will ultimately stifle innovation.

The other approach is to build a regulatory framework that cultivates fair and free global competition. By allowing international players like Tether to compete alongside U.S.-based issuers, the U.S. can foster a dynamic ecosystem where the best ideas and technologies rise to the top. Competition is what would drive excellence.

There is a myth being perpetrated that only U.S.-based issuers back their tokens with sufficient reserves, attest to those reserves, and take necessary steps to prevent money laundering and terrorist financing. That simply is not true. Tether, the largest stablecoin issuer, assisted American law enforcement and over 230 law enforcement agencies in 50 countries to block $2.5 billion dollars in illicit activities worldwide. The reality is that responsible stablecoin issuers exist both inside and outside the U.S. (Tether, which is based in El Salvador, accounts for more than half the stablecoin market.)

Overly restrictive regulation could also backfire on the U.S. economy. If stablecoin legislation drives foreign-based companies out of the U.S., it could result in decreased demand for U.S. Treasuries, weakened dollar dominance and a less competitive stablecoin space.

Congress stands at an important crossroads — “two roads diverged” as Robert Frost once wrote. It could seize this moment to craft a regulatory framework that champions competition and transparency, or it could take the narrow road by taking a protectionist approach and choking innovation. The market’s diversity is not a bug to fix. It’s a feature to harness.

It’s time to make a careful choice as the stakes could not be higher. Let’s make sure we get this right for the future of finance.



Read the full article here

Follow us on Google News to get the latest Updates

 
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Tornado Cash Dev Roman Storm’s Defense Team Wants to Know if DOJ Withheld Evidence

May 20, 2025

JPMorgan Will Allow Clients to Buy Bitcoin, CEO Jamie Dimon Confirms

May 20, 2025

Solana Labs offshoot Anza pitches ‘biggest change’ ever to network consensus

May 20, 2025

Binance’s Former Russia Head, Blum Co-Founder Arrested in Connection to Fraud Case

May 19, 2025

XRP Explodes Into Institutional Trading With CME’s Futures Launch

May 19, 2025

Bitcoin trading in six-figure territory shows BTC is ready to carry gold’s ‘baton’ — Fidelity exec

May 19, 2025
Add A Comment
Leave A Reply Cancel Reply

Top Articles

Tornado Cash Dev Roman Storm’s Defense Team Wants to Know if DOJ Withheld Evidence

May 20, 2025

JPMorgan Will Allow Clients to Buy Bitcoin, CEO Jamie Dimon Confirms

May 20, 2025

Solana Labs offshoot Anza pitches ‘biggest change’ ever to network consensus

May 20, 2025
ApeWatcher News
X (Twitter) Telegram
  • Privacy Policy
  • Sources
  • Terms and Conditions
  • Contact
  • Advertise
© 2025 Ape Watcher News

Type above and press Enter to search. Press Esc to cancel.