How the U.S. Should Regulate Stablecoins

In a recent podcast, Hilary Allen, a law professor at American University, painted stablecoins as a dangerous threat to the banking system and, ultimately, to the public at large. In her view, stablecoins could destabilize banks and eventually require a government bailout.

Her comments come amid a new push in the U.S. Congress for regulating stablecoins at

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