Stablecoins could be key to upholding US dollar’s global reserve status: WSJ op-ed By Cointelegraph
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Stablecoins are at the heart of a dollar-based revolution and could be a pivotal factor in keeping the U.S. dollar the dominant global currency, according to an Aug. 9 opinion piece published in The Wall Street Journal.
The authors, Brian Brooks and Charles Calomiris, urged Congress to implement a “sound and stable regulatory framework” for stablecoins in the country. Brooks is the former CEO of Binance.US, former chief legal officer of Coinbase (NASDAQ:) and served as U.S. Comptroller of the Currency. Calomiris is dean of economics, politics and history at the University of Austin and served as chief economist of the Office of the Comptroller of the Currency.
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© Reuters
Stablecoins are at the heart of a dollar-based revolution and could be a pivotal factor in keeping the U.S. dollar the dominant global currency, according to an Aug. 9 opinion piece published in The Wall Street Journal.
The authors, Brian Brooks and Charles Calomiris, urged Congress to implement a “sound and stable regulatory framework” for stablecoins in the country. Brooks is the former CEO of Binance.US, former chief legal officer of Coinbase (NASDAQ:) and served as U.S. Comptroller of the Currency. Calomiris is dean of economics, politics and history at the University of Austin and served as chief economist of the Office of the Comptroller of the Currency.
Continue Reading on Coin Telegraph
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