liz on Nostr: As predicted, innovation in stablecoins is moving offshore. The US government and ...

As predicted, innovation in stablecoins is moving offshore.

The US government and banking regulators have created this. US will now have less control over distribution, regulation, and rules, but the products will still exist and scale.

London will take advantage of the regulatory arbitrage.

#plebchain

https://www.theblock.co/post/232791/hong-kong-based-first-digital-introduces-usd-stablecoin