Stablecoins Could ‘Fundamentally Alter’ Banking System, Says US FDIC Chief

Stablecoins Could ‘Fundamentally Alter’ Banking System, Says US FDIC Chief

Stablecoins could have such a profound effect on the established banking system that U.S. regulators need to require that the digital tokens fit in without disrupting it, said Martin Gruenberg, the acting chairman of the Federal Deposit Insurance Corp. (FDIC), in remarks set for delivery at a Brookings Institution event on Thursday.

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