Bloomberg: Stablecoin Expansion Could Reshape Global Finance, Risk From Regulatory Gaps Becomes Prominent

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Mars Finance News, according to Bloomberg, the U.S. government is betting that stablecoins issued by private institutions like Tether, denominated in U.S. dollars, will expand to approximately $3 trillion in the coming years to support the dollar's international dominance and absorb more U.S. debt demand.
However, the article points out that the current mainstream stablecoin issuers are concentrated in jurisdictions with questionable compliance and anti-money laundering practices, such as Tether. If faced with a bank run or smart contract failure, it could impact their large holdings of U.S. debt assets and disrupt global payments and settlements.
The European Central Bank is advancing the use of central bank digital currencies and "tokenized euros" to support atomic settlement, aiming to avoid being locked into U.S. private dollar tokens on critical financial infrastructure.
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