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" ... "The economic devastation of Covid-19 and collapse of old systems has meant fast tracking any innovative technology that can help GDP growth and digital currencies and stablecoins fit perfectly into this narrative," said Keld van Schreven, managing director and co-founder of digital asset investment company KR1. ... "
" ... A question that needs to be answered, given this context and backdrop, is whether or not there is enough room for both privately issued stablecoins and CBDCs going forward? ... "
" ... Some of the commentary and feedback around this proposed legislation centers around two primary points. Firstly, is that this act seemed explicitly to focus on non-incumbent and start-up institutions, as opposed to larger players that have recently begun accepting and using stablecoins as a medium of exchange. Specifically, the bill does not seem to focus on non-bank dollar liabilities in general, but only liabilities that are defined as stablecoins. Second, the complexity, cost, and time required to be in full compliance with these additional rules – above and beyond the money transmitter and other state specific legislation already being enforced – could serve as a significant headwind to future stablecoin development. ... "
" ... Taking this one step further, however, and moving beyond simply using stablecoins or other asset-backed-coins or tokens as a medium of exchange, the conversation around tokenized and other asset-supported crypto is just beginning. ... "
" ... Tatiana Koffman: With so many stablecoins currently in the market, what is the benefit of using USDN versus some of the already established brands like USDT and USDC? ... "