US Congressman: Stablecoins have Promise if Regulated Properly!

The post US Congressman: Stablecoins have Promise if Regulated Properly! appeared first on Coinpedia Fintech News

The chairman of the U.S. House of Representatives Financial Services Committee, Patrick McHenry, has expressed optimism about the potential of stablecoins, particularly PayPal’s USD stablecoin, in the country’s financial system. McHenry stated that stablecoins issued under a clear regulatory framework could become a vital component of the 21st-century payment system and that Congress was making bipartisan progress on legislation to encourage the U.S. to lead the financial system of the future. This statement highlights the growing interest in the use of stablecoins among U.S. lawmakers and regulators.