The current leader of the Federal Deposit Insurance Corporation cautions against embrace of innovation for innovation's sake, taking particular aim at the risks surrounding stablecoin issuance.
The current leader of the Federal Deposit Insurance Corporation cautions that “innovation can be a double-edged sword,” taking particular aim at the risks surrounding stablecoin issuance.
“Payment stablecoins would be safer if they were transacted on permissioned ledger systems with a robust governance and compliance mechanisms," said FDIC Acting Chair Martin Gruenberg, in remarks prepared for a speech at the Brookings Institution, Washington-based thinktank, this morning.
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