Stablecoins Under Fire: Banking Groups Pushes Back on DeFi, Crypto Community Fires Back
Key Insights: The Bank Policy Institute (BPI) published a risk assessment on November 3, warning that stablecoins pose significant threats to retail investors and financial system stability, despite recent approval of the federal regulatory framework. Alexander Grieve, vice president of government affairs at Paradigm, fired back on November 4, accusing the banking trade group of [...]The post Stablecoins Under Fire: Banking Groups Pushes Back on DeFi, Crypto Community Fires Back appeared first on The Coin Republic.