Crypto Industry Could Surge in 2022 on Stablecoin Regulations: Analysis

📆 1/5/2022 4:53 AM
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One of the biggest concerns that U.S. and international regulators have over the crypto industry is stablecoins. A solid regulatory framework for them could propel the industry to new heights in 2022.

The year 2022 may be when regulatory frameworks are rolled out in the United States and globally, paving the way for greater crypto adoption. At the forefront of these legislations will be stablecoins since they facilitate direct trading and have grown exponentially over the past year or two.claiming that they pose a risk to the economy.

Additionally, Paxos CEO, Charles Cascarilla, cautioned that the U.S. dollar could lose its world currency reserve status if neither regulated stablecoins nor a dollar-based CBDC is approved soon.

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