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Banning Tether is a threat to national monetary security – TON BOT

Banning Tether is a threat to national monetary security

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by

Tom Howard, Head of Financial Products and Regulatory Affairs at CoinList, believes that drafts of the Stablecoin Act that would ban non-US stablecoin issuers from the US market would be a significant policy error. Reshoring USD-denominated stablecoins to US banks could have negative economic consequences, reducing global USD liquidity and increasing inflation risks. Exempting foreign-issued stablecoins from the act could encourage innovation, enhance USD’s global usage, and maintain market-based competition.

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