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Stablecoins: The Bridge or the Abyss?

Stablecoins, a type of cryptocurrency backed by real assets, are gaining popularity in the financial world. However, Timothy Massad, former chair of the Commodity Futures Trading Commission, warns that the risks associated with stablecoins are being overlooked. Massad believes that inadequate regulations surrounding stablecoins could lead to significant financial instability. He calls for prompt crypto regulations and emphasizes the need for effective regulations to manage the risks and realize the potential benefits of stablecoins.

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