CX Daily: Stablecoins Face Reality Check as Tech Gaps and Policy Firewalls Mount
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Cover Story: Stablecoins face reality check as tech gaps and policy firewalls mount
A wave of policymaking and market volatility this summer has thrust stablecoins to the forefront of global financial debate, as regulators from Washington to Beijing scramble to manage the rapidly evolving crypto frontier.
The attention intensified after a string of legislative efforts in the U.S., Hong Kong and other jurisdictions sought to formalize oversight of stablecoins — cryptocurrencies pegged to traditional fiat currencies like the U.S. dollar. Unlike volatile cryptocurrencies such as Bitcoin, stablecoins aim to offer price stability by backing their value with reserve assets.
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